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$233,146$233,146$490,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$257,354$0
Funding fee$1,166$1,166$0
Note rate6.360%6.360%7.400%
Blended rate6.360%7.089%7.640%
1st payment$1,520.24$1,520.24$3,396.12
2nd payment$0.00$1,662.08$0.00
Taxes / mo$298.58$298.58$298.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$424.00$424.00$424.00
Total monthly$2,409.49$4,071.57$4,383.47
Cash to close$311,854$54,500$54,500