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$247,587$247,587$490,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$242,913$0
Funding fee$1,238$1,238$0
Note rate2.880%2.880%7.320%
Blended rate2.880%5.292%7.560%
1st payment$1,183.21$1,183.21$3,369.39
2nd payment$0.00$1,568.81$0.00
Taxes / mo$267.08$267.08$267.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$6.67$6.67$6.67
Total monthly$1,623.63$3,192.44$3,907.91
Cash to close$297,413$54,500$54,500