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$263,367$263,367$562,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$299,133$0
Funding fee$1,317$1,317$0
Note rate2.990%2.990%7.400%
Blended rate2.990%5.521%7.640%
1st payment$1,241.99$1,241.99$3,894.64
2nd payment$0.00$1,931.90$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,929.49$3,861.39$4,694.64
Cash to close$361,633$62,500$62,500