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$298,340$298,340$494,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$196,659$0
Funding fee$1,492$1,492$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.866%7.640%
1st payment$1,420.37$1,420.37$3,427.27
2nd payment$0.00$1,311.06$0.00
Taxes / mo$276.75$276.75$276.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$295.00$295.00$295.00
Total monthly$2,158.78$3,469.84$4,264.69
Cash to close$251,659$55,000$55,000