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$263,365$263,365$422,999
Remaining term (yrs)22.022.030.0
Secondary amount$0$159,634$0
Funding fee$1,317$1,317$0
Note rate4.810%4.810%7.400%
Blended rate4.810%6.014%7.640%
1st payment$1,611.79$1,611.79$2,928.76
2nd payment$0.00$1,064.23$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$589.00$589.00$589.00
Total monthly$2,759.12$3,823.35$4,160.69
Cash to close$206,634$47,000$47,000