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$219,166$219,166$494,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$275,744$0
Funding fee$1,096$1,096$0
Note rate2.960%2.960%7.320%
Blended rate2.960%5.629%7.560%
1st payment$1,037.09$1,037.09$3,399.69
2nd payment$0.00$1,780.85$0.00
Taxes / mo$458.25$458.25$458.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,662.01$3,442.86$4,123.59
Cash to close$330,734$54,990$54,990