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$303,032$303,032$463,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$160,468$0
Funding fee$1,515$1,515$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.725%7.640%
1st payment$1,472.25$1,472.25$3,209.18
2nd payment$0.00$1,069.79$0.00
Taxes / mo$279.33$279.33$279.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,918.25$2,988.04$3,747.88
Cash to close$211,968$51,500$51,500