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$233,953$233,953$702,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$468,047$0
Funding fee$1,170$1,170$0
Note rate2.810%2.810%7.400%
Blended rate2.810%6.104%7.640%
1st payment$1,099.16$1,099.16$4,860.51
2nd payment$0.00$3,022.80$0.00
Taxes / mo$650.00$650.00$650.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,965.83$4,988.63$5,867.57
Cash to close$546,047$78,000$78,000