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$299,821$299,821$522,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$222,179$0
Funding fee$1,499$1,499$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.941%7.640%
1st payment$1,433.17$1,433.17$3,614.22
2nd payment$0.00$1,434.91$0.00
Taxes / mo$216.00$216.00$216.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.40
HOA / mo$75.00$75.00$75.00
Total monthly$1,890.84$3,325.74$4,176.29
Cash to close$280,179$58,000$58,000