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$271,845$271,845$495,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$223,155$0
Funding fee$1,359$1,359$0
Note rate6.640%6.640%7.400%
Blended rate6.640%7.140%7.640%
1st payment$1,900.80$1,900.80$3,427.28
2nd payment$0.00$1,441.21$0.00
Taxes / mo$525.42$525.42$525.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,592.88$4,034.09$4,218.36
Cash to close$278,155$55,000$55,000