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$243,590$243,590$486,000
Remaining term (yrs)17.717.730.0
Secondary amount$0$242,410$0
Funding fee$1,218$1,218$0
Note rate2.900%2.900%7.320%
Blended rate2.900%5.319%7.560%
1st payment$1,459.21$1,459.21$3,338.48
2nd payment$0.00$1,565.57$0.00
Taxes / mo$281.58$281.58$281.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,907.46$3,473.03$3,883.93
Cash to close$296,410$54,000$54,000