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$290,955$290,955$449,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$158,955$0
Funding fee$1,455$1,455$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.030%7.560%
1st payment$1,870.92$1,870.92$3,090.57
2nd payment$0.00$1,059.70$0.00
Taxes / mo$302.25$302.25$302.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,339.84$3,399.54$3,649.47
Cash to close$208,945$49,990$49,990