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$253,751$253,751$585,000
Remaining term (yrs)21.321.330.0
Secondary amount$0$331,249$0
Funding fee$1,269$1,269$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.646%7.640%
1st payment$1,326.67$1,326.67$4,050.42
2nd payment$0.00$2,139.32$0.00
Taxes / mo$410.25$410.25$410.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$136.67$136.67$136.67
Total monthly$2,040.25$4,179.57$4,881.01
Cash to close$396,249$65,000$65,000