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$260,289$260,289$494,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$234,621$0
Funding fee$1,301$1,301$0
Note rate2.780%2.780%7.320%
Blended rate2.780%5.136%7.560%
1st payment$1,227.63$1,227.63$3,399.69
2nd payment$0.00$1,515.26$0.00
Taxes / mo$508.00$508.00$508.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,902.30$3,417.56$4,173.34
Cash to close$289,611$54,990$54,990