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$209,231$209,231$575,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$366,769$0
Funding fee$1,046$1,046$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.981%7.640%
1st payment$1,004.69$1,004.69$3,988.10
2nd payment$0.00$2,368.71$0.00
Taxes / mo$382.17$382.17$382.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.20
HOA / mo$6.25$6.25$6.25
Total monthly$1,559.77$3,928.48$4,658.38
Cash to close$430,768$64,000$64,000