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$238,326$238,326$449,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$211,584$0
Funding fee$1,192$1,192$0
Note rate2.740%2.740%7.400%
Blended rate2.740%5.096%7.640%
1st payment$1,088.14$1,088.14$3,115.09
2nd payment$0.00$1,366.48$0.00
Taxes / mo$58.58$58.58$58.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,313.39$2,679.87$3,430.32
Cash to close$261,574$49,990$49,990