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$275,550$275,550$450,000
Remaining term (yrs)20.720.730.0
Secondary amount$0$174,450$0
Funding fee$1,378$1,378$0
Note rate5.870%5.870%7.320%
Blended rate5.870%6.696%7.560%
1st payment$1,912.59$1,912.59$3,091.19
2nd payment$0.00$1,163.00$0.00
Taxes / mo$25.42$25.42$25.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$77.00$77.00$77.00
Total monthly$2,181.67$3,344.67$3,450.27
Cash to close$224,450$50,000$50,000