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$223,799$223,799$495,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$271,201$0
Funding fee$1,119$1,119$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.602%7.640%
1st payment$1,093.64$1,093.64$3,427.28
2nd payment$0.00$1,751.50$0.00
Taxes / mo$243.96$243.96$243.96
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$9.58$9.58$9.58
Total monthly$1,513.85$3,265.35$3,946.49
Cash to close$326,201$55,000$55,000