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$238,654$238,654$418,410
Remaining term (yrs)24.224.230.0
Secondary amount$0$179,756$0
Funding fee$1,193$1,193$0
Note rate2.720%2.720%7.400%
Blended rate2.720%4.988%7.640%
1st payment$1,118.30$1,118.30$2,896.99
2nd payment$0.00$1,198.37$0.00
Taxes / mo$221.08$221.08$221.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,506.05$2,704.42$3,368.42
Cash to close$226,246$46,490$46,490