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$257,897$257,897$450,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$192,103$0
Funding fee$1,289$1,289$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.140%7.640%
1st payment$1,681.24$1,681.24$3,115.71
2nd payment$0.00$1,280.69$0.00
Taxes / mo$643.33$643.33$643.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$443.00$443.00$443.00
Total monthly$2,934.24$4,214.92$4,458.71
Cash to close$242,103$50,000$50,000