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$221,329$221,329$657,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$435,671$0
Funding fee$1,107$1,107$0
Note rate2.730%2.730%7.400%
Blended rate2.730%6.059%7.640%
1st payment$1,030.80$1,030.80$4,548.94
2nd payment$0.00$2,813.71$0.00
Taxes / mo$608.33$608.33$608.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,855.80$4,669.51$5,505.34
Cash to close$508,671$73,000$73,000