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$237,088$237,088$923,400
Remaining term (yrs)24.424.430.0
Secondary amount$0$686,312$0
Funding fee$1,185$1,185$0
Note rate2.700%2.700%7.400%
Blended rate2.700%6.453%7.640%
1st payment$1,103.21$1,103.21$6,393.44
2nd payment$0.00$4,432.43$0.00
Taxes / mo$461.67$461.67$461.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$184.68
HOA / mo$3.00$3.00$3.00
Total monthly$1,784.55$6,216.98$7,259.45
Cash to close$788,912$102,600$102,600