Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$260,308$260,308$495,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$234,692$0
Funding fee$1,302$1,302$0
Note rate2.870%2.870%7.320%
Blended rate2.870%5.184%7.560%
1st payment$1,219.67$1,219.67$3,400.31
2nd payment$0.00$1,515.72$0.00
Taxes / mo$303.83$303.83$303.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$100.00$100.00$100.00
Total monthly$1,790.17$3,305.88$4,069.81
Cash to close$289,692$55,000$55,000