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$234,102$234,102$513,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$278,898$0
Funding fee$1,171$1,171$0
Note rate2.990%2.990%7.400%
Blended rate2.990%5.578%7.640%
1st payment$1,113.93$1,113.93$3,551.91
2nd payment$0.00$1,801.22$0.00
Taxes / mo$378.17$378.17$378.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,658.76$3,459.98$4,199.34
Cash to close$335,898$57,000$57,000