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$236,742$236,742$562,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$325,758$0
Funding fee$1,184$1,184$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.696%7.640%
1st payment$1,106.71$1,106.71$3,894.64
2nd payment$0.00$2,103.86$0.00
Taxes / mo$110.17$110.17$110.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,383.55$3,487.40$4,283.97
Cash to close$388,258$62,500$62,500