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$236,896$236,896$625,950
Remaining term (yrs)9.59.530.0
Secondary amount$0$389,054$0
Funding fee$1,184$1,184$0
Note rate2.390%2.390%7.400%
Blended rate2.390%5.721%7.640%
1st payment$2,289.22$2,289.22$4,333.95
2nd payment$0.00$2,512.64$0.00
Taxes / mo$423.74$423.74$423.74
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.19
HOA / mo$20.83$20.83$20.83
Total monthly$2,900.45$5,413.09$5,070.38
Cash to close$458,604$69,550$69,550