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$261,074$261,074$495,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$233,926$0
Funding fee$1,305$1,305$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.145%7.640%
1st payment$1,238.29$1,238.29$3,427.28
2nd payment$0.00$1,510.77$0.00
Taxes / mo$296.67$296.67$296.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,701.63$3,212.40$3,989.61
Cash to close$288,926$55,000$55,000