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$291,766$291,766$486,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$194,234$0
Funding fee$1,459$1,459$0
Note rate1.000%1.000%7.400%
Blended rate1.000%3.798%7.640%
1st payment$1,154.13$1,154.13$3,364.97
2nd payment$0.00$1,294.90$0.00
Taxes / mo$262.92$262.92$262.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$7.92$7.92$7.92
Total monthly$1,591.63$2,886.53$3,899.67
Cash to close$248,234$54,000$54,000