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$209,533$209,533$458,910
Remaining term (yrs)9.89.830.0
Secondary amount$0$249,377$0
Funding fee$1,048$1,048$0
Note rate2.270%2.270%7.320%
Blended rate2.270%5.248%7.560%
1st payment$1,968.05$1,968.05$3,152.39
2nd payment$0.00$1,610.56$0.00
Taxes / mo$522.83$522.83$522.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,657.55$4,268.11$3,933.68
Cash to close$300,367$50,990$50,990