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$265,236$265,236$508,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$243,264$0
Funding fee$1,326$1,326$0
Note rate2.860%2.860%7.400%
Blended rate2.860%5.199%7.640%
1st payment$1,235.73$1,235.73$3,520.75
2nd payment$0.00$1,571.08$0.00
Taxes / mo$372.83$372.83$372.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$75.00$75.00$75.00
Total monthly$1,850.23$3,421.31$4,236.95
Cash to close$299,764$56,500$56,500