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$249,678$249,678$422,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$172,422$0
Funding fee$1,248$1,248$0
Note rate2.625%2.625%7.320%
Blended rate2.625%4.821%7.560%
1st payment$1,160.77$1,160.77$2,899.53
2nd payment$0.00$1,149.48$0.00
Taxes / mo$113.25$113.25$113.25
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,274.02$2,423.50$3,097.20
Cash to close$219,322$46,900$46,900