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$293,818$293,818$449,550
Remaining term (yrs)24.024.030.0
Secondary amount$0$155,732$0
Funding fee$1,469$1,469$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.693%7.640%
1st payment$1,416.55$1,416.55$3,112.59
2nd payment$0.00$1,038.21$0.00
Taxes / mo$622.67$622.67$622.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.91
HOA / mo$0.00$0.00$0.00
Total monthly$2,205.88$3,244.10$3,991.84
Cash to close$205,682$49,950$49,950