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$286,424$286,424$504,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$217,576$0
Funding fee$1,432$1,432$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.977%7.640%
1st payment$1,335.92$1,335.92$3,489.59
2nd payment$0.00$1,405.18$0.00
Taxes / mo$243.58$243.58$243.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,746.17$3,151.35$4,000.64
Cash to close$273,576$56,000$56,000