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$265,283$265,283$463,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$198,217$0
Funding fee$1,326$1,326$0
Note rate2.750%2.750%7.400%
Blended rate2.750%4.995%7.640%
1st payment$1,218.14$1,218.14$3,209.18
2nd payment$0.00$1,321.45$0.00
Taxes / mo$420.92$420.92$420.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,805.73$3,127.17$3,889.46
Cash to close$249,717$51,500$51,500