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$299,244$299,244$526,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$227,256$0
Funding fee$1,496$1,496$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.040%7.640%
1st payment$1,934.13$1,934.13$3,645.38
2nd payment$0.00$1,467.70$0.00
Taxes / mo$306.42$306.42$306.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,407.21$3,874.91$4,223.76
Cash to close$285,756$58,500$58,500