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$233,558$233,558$504,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$270,442$0
Funding fee$1,168$1,168$0
Note rate2.990%2.990%7.400%
Blended rate2.990%5.544%7.640%
1st payment$1,098.98$1,098.98$3,489.59
2nd payment$0.00$1,746.60$0.00
Taxes / mo$748.00$748.00$748.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$181.00$181.00$181.00
Total monthly$2,194.65$3,941.25$4,686.06
Cash to close$326,442$56,000$56,000