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$213,586$213,586$431,100
Remaining term (yrs)10.110.130.0
Secondary amount$0$217,514$0
Funding fee$1,068$1,068$0
Note rate2.260%2.260%7.400%
Blended rate2.260%5.030%7.640%
1st payment$1,946.98$1,946.98$2,984.85
2nd payment$0.00$1,404.78$0.00
Taxes / mo$305.67$305.67$305.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,419.32$3,824.10$3,543.40
Cash to close$265,414$47,900$47,900