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$250,009$250,009$657,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$406,991$0
Funding fee$1,250$1,250$0
Note rate2.980%2.980%7.320%
Blended rate2.980%5.935%7.560%
1st payment$1,191.03$1,191.03$4,513.13
2nd payment$0.00$2,628.48$0.00
Taxes / mo$608.33$608.33$608.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.40
HOA / mo$225.00$225.00$225.00
Total monthly$2,241.03$4,869.51$5,694.53
Cash to close$479,991$73,000$73,000