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$219,132$219,132$504,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$284,868$0
Funding fee$1,096$1,096$0
Note rate2.700%2.700%7.320%
Blended rate2.700%5.554%7.560%
1st payment$1,024.59$1,024.59$3,462.13
2nd payment$0.00$1,839.77$0.00
Taxes / mo$196.42$196.42$196.42
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$1,387.68$3,227.45$3,926.01
Cash to close$340,868$56,000$56,000