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$326,211$326,211$450,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$123,789$0
Funding fee$1,631$1,631$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.230%7.560%
1st payment$1,545.58$1,545.58$3,091.19
2nd payment$0.00$825.26$0.00
Taxes / mo$191.17$191.17$191.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,903.41$2,728.67$3,539.02
Cash to close$173,789$50,000$50,000