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$245,813$245,813$427,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$181,687$0
Funding fee$1,229$1,229$0
Note rate2.930%2.930%7.320%
Blended rate2.930%5.085%7.560%
1st payment$1,186.66$1,186.66$2,936.63
2nd payment$0.00$1,211.25$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,749.16$2,960.41$3,584.63
Cash to close$229,187$47,500$47,500