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$226,308$226,308$483,210
Remaining term (yrs)24.624.630.0
Secondary amount$0$256,902$0
Funding fee$1,132$1,132$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.436%7.640%
1st payment$1,058.27$1,058.27$3,345.65
2nd payment$0.00$1,659.16$0.00
Taxes / mo$126.08$126.08$126.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.64
HOA / mo$12.50$12.50$12.50
Total monthly$1,363.52$3,022.68$3,747.54
Cash to close$310,592$53,690$53,690