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$238,789$238,789$666,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$427,211$0
Funding fee$1,194$1,194$0
Note rate2.960%2.960%7.400%
Blended rate2.960%6.033%7.640%
1st payment$1,132.51$1,132.51$4,611.25
2nd payment$0.00$2,759.07$0.00
Taxes / mo$616.67$616.67$616.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$133.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,965.85$4,724.92$5,577.78
Cash to close$501,211$74,000$74,000