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$224,925$224,925$449,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$224,985$0
Funding fee$1,125$1,125$0
Note rate2.660%2.660%7.400%
Blended rate2.660%5.205%7.640%
1st payment$1,044.57$1,044.57$3,115.09
2nd payment$0.00$1,453.03$0.00
Taxes / mo$416.58$416.58$416.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$356.00$356.00$356.00
Total monthly$1,983.82$3,436.85$4,144.32
Cash to close$274,975$49,990$49,990