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$264,082$264,082$557,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$293,018$0
Funding fee$1,320$1,320$0
Note rate2.710%2.710%7.320%
Blended rate2.710%5.361%7.560%
1st payment$1,236.10$1,236.10$3,826.89
2nd payment$0.00$1,892.41$0.00
Taxes / mo$231.51$231.51$231.51
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,634.28$3,526.69$4,336.48
Cash to close$354,918$61,900$61,900