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$240,385$240,385$562,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$322,115$0
Funding fee$1,202$1,202$0
Note rate2.250%2.250%7.400%
Blended rate2.250%5.400%7.640%
1st payment$1,072.57$1,072.57$3,894.64
2nd payment$0.00$2,080.33$0.00
Taxes / mo$320.33$320.33$320.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,559.57$3,639.90$4,494.14
Cash to close$384,615$62,500$62,500