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$252,625$252,625$652,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$399,875$0
Funding fee$1,263$1,263$0
Note rate2.800%2.800%7.320%
Blended rate2.800%5.834%7.560%
1st payment$1,196.93$1,196.93$4,482.22
2nd payment$0.00$2,582.53$0.00
Taxes / mo$401.00$401.00$401.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$32.33$32.33$32.33
Total monthly$1,846.93$4,429.45$5,262.72
Cash to close$472,375$72,500$72,500