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$260,131$260,131$467,999
Remaining term (yrs)21.421.430.0
Secondary amount$0$207,868$0
Funding fee$1,301$1,301$0
Note rate4.030%4.030%7.320%
Blended rate4.030%5.682%7.560%
1st payment$1,505.29$1,505.29$3,214.83
2nd payment$0.00$1,342.48$0.00
Taxes / mo$227.50$227.50$227.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,899.46$3,241.94$3,702.60
Cash to close$259,868$52,000$52,000