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$158,961$158,961$486,000
Remaining term (yrs)8.38.330.0
Secondary amount$0$327,039$0
Funding fee$795$795$0
Note rate2.620%2.620%7.320%
Blended rate2.620%6.072%7.560%
1st payment$1,740.11$1,740.11$3,338.48
2nd payment$0.00$2,112.12$0.00
Taxes / mo$612.08$612.08$612.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,518.86$4,630.98$4,214.43
Cash to close$381,039$54,000$54,000