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$248,886$248,886$503,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$254,214$0
Funding fee$1,244$1,244$0
Note rate2.790%2.790%7.400%
Blended rate2.790%5.296%7.640%
1st payment$1,169.53$1,169.53$3,483.36
2nd payment$0.00$1,641.80$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,848.70$3,490.50$4,263.15
Cash to close$310,114$55,900$55,900