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$213,903$213,903$476,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$263,007$0
Funding fee$1,070$1,070$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.566%7.640%
1st payment$1,029.60$1,029.60$3,302.03
2nd payment$0.00$1,698.59$0.00
Taxes / mo$441.58$441.58$441.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,637.85$3,336.43$4,005.66
Cash to close$315,997$52,990$52,990