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$217,282$217,282$526,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$309,218$0
Funding fee$1,086$1,086$0
Note rate2.840%2.840%7.320%
Blended rate2.840%5.724%7.560%
1st payment$1,007.78$1,007.78$3,616.69
2nd payment$0.00$1,997.04$0.00
Taxes / mo$0.33$0.33$0.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,174.78$3,171.81$3,888.99
Cash to close$367,718$58,500$58,500