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$244,289$244,289$441,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$196,711$0
Funding fee$1,221$1,221$0
Note rate2.710%2.710%7.400%
Blended rate2.710%5.070%7.640%
1st payment$1,143.46$1,143.46$3,053.39
2nd payment$0.00$1,311.41$0.00
Taxes / mo$360.75$360.75$360.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$60.00$60.00$60.00
Total monthly$1,730.88$3,042.28$3,729.01
Cash to close$245,711$49,000$49,000