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$237,385$237,385$472,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$235,115$0
Funding fee$1,187$1,187$0
Note rate2.625%2.625%7.320%
Blended rate2.625%5.175%7.560%
1st payment$1,095.57$1,095.57$3,245.75
2nd payment$0.00$1,518.45$0.00
Taxes / mo$643.92$643.92$643.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$310.00$310.00$310.00
Total monthly$2,216.15$3,734.60$4,460.83
Cash to close$287,615$52,500$52,500