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$244,450$244,450$427,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$183,050$0
Funding fee$1,222$1,222$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.400%7.640%
1st payment$1,654.87$1,654.87$2,959.92
2nd payment$0.00$1,220.33$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$580.00$580.00$580.00
Total monthly$2,797.37$4,017.70$4,187.92
Cash to close$230,550$47,500$47,500