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$231,606$231,606$495,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$263,394$0
Funding fee$1,158$1,158$0
Note rate2.880%2.880%7.320%
Blended rate2.880%5.471%7.560%
1st payment$1,079.00$1,079.00$3,400.31
2nd payment$0.00$1,701.08$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,704.00$3,405.08$4,124.31
Cash to close$318,394$55,000$55,000