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$226,668$226,668$585,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$358,332$0
Funding fee$1,133$1,133$0
Note rate2.900%2.900%7.320%
Blended rate2.900%5.871%7.560%
1st payment$1,090.74$1,090.74$4,018.54
2nd payment$0.00$2,314.23$0.00
Taxes / mo$421.92$421.92$421.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$83.33$83.33$83.33
Total monthly$1,762.66$4,076.89$4,807.46
Cash to close$423,332$65,000$65,000