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$227,180$227,180$472,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$245,320$0
Funding fee$1,136$1,136$0
Note rate2.960%2.960%7.400%
Blended rate2.960%5.447%7.640%
1st payment$1,100.22$1,100.22$3,271.49
2nd payment$0.00$1,584.36$0.00
Taxes / mo$177.17$177.17$177.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,444.05$3,028.41$3,709.83
Cash to close$297,820$52,500$52,500