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$295,849$295,849$513,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$217,151$0
Funding fee$1,479$1,479$0
Note rate2.830%2.830%7.320%
Blended rate2.830%4.913%7.560%
1st payment$1,399.58$1,399.58$3,523.95
2nd payment$0.00$1,402.43$0.00
Taxes / mo$77.83$77.83$77.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$50.00$50.00$50.00
Total monthly$1,694.08$3,096.52$3,921.05
Cash to close$274,151$57,000$57,000