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$237,341$237,341$423,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$185,659$0
Funding fee$1,187$1,187$0
Note rate2.730%2.730%7.320%
Blended rate2.730%5.043%7.560%
1st payment$1,108.02$1,108.02$2,905.72
2nd payment$0.00$1,237.72$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$0.00$0.00$0.00
Total monthly$1,666.35$2,904.08$3,548.65
Cash to close$232,659$47,000$47,000