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$262,376$262,376$490,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$228,124$0
Funding fee$1,312$1,312$0
Note rate2.940%2.940%7.320%
Blended rate2.940%5.177%7.560%
1st payment$1,267.97$1,267.97$3,369.39
2nd payment$0.00$1,473.30$0.00
Taxes / mo$435.00$435.00$435.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$33.33$33.33$33.33
Total monthly$1,902.97$3,376.27$4,102.49
Cash to close$282,624$54,500$54,500