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$293,441$293,441$539,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$245,659$0
Funding fee$1,467$1,467$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.056%7.640%
1st payment$1,397.04$1,397.04$3,732.62
2nd payment$0.00$1,586.55$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$26.00$26.00$26.00
Total monthly$2,088.87$3,675.42$4,532.27
Cash to close$305,559$59,900$59,900