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$259,737$259,737$463,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$203,763$0
Funding fee$1,299$1,299$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.976%7.560%
1st payment$1,230.63$1,230.63$3,183.92
2nd payment$0.00$1,315.97$0.00
Taxes / mo$429.17$429.17$429.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,826.46$3,142.43$3,872.46
Cash to close$255,263$51,500$51,500