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$246,858$246,858$494,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$248,052$0
Funding fee$1,234$1,234$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.316%7.640%
1st payment$1,181.27$1,181.27$3,426.66
2nd payment$0.00$1,602.00$0.00
Taxes / mo$458.25$458.25$458.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,806.18$3,408.19$4,150.56
Cash to close$303,042$54,990$54,990