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$265,033$265,033$783,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$517,967$0
Funding fee$1,325$1,325$0
Note rate2.990%2.990%7.400%
Blended rate2.990%6.139%7.640%
1st payment$1,244.33$1,244.33$5,421.33
2nd payment$0.00$3,345.21$0.00
Taxes / mo$725.00$725.00$725.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$156.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,186.00$5,531.20$6,519.60
Cash to close$604,967$87,000$87,000