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$246,430$246,430$459,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$212,570$0
Funding fee$1,232$1,232$0
Note rate2.980%2.980%7.320%
Blended rate2.980%5.189%7.560%
1st payment$1,198.83$1,198.83$3,153.01
2nd payment$0.00$1,372.85$0.00
Taxes / mo$425.00$425.00$425.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,790.49$3,163.34$3,836.48
Cash to close$263,570$51,000$51,000