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$243,840$243,840$715,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$471,660$0
Funding fee$1,219$1,219$0
Note rate3.750%3.750%7.320%
Blended rate3.750%6.387%7.560%
1st payment$1,319.88$1,319.88$4,914.99
2nd payment$0.00$3,046.13$0.00
Taxes / mo$294.46$294.46$294.46
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,831.00$4,877.14$5,569.21
Cash to close$551,160$79,500$79,500