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$229,455$229,455$634,500
Remaining term (yrs)19.019.030.0
Secondary amount$0$405,045$0
Funding fee$1,147$1,147$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.996%7.640%
1st payment$1,301.62$1,301.62$4,393.15
2nd payment$0.00$2,615.91$0.00
Taxes / mo$228.65$228.65$228.65
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$126.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,746.93$4,362.84$4,965.36
Cash to close$475,545$70,500$70,500