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$261,169$261,169$432,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$170,831$0
Funding fee$1,306$1,306$0
Note rate3.060%3.060%7.400%
Blended rate3.060%5.013%7.640%
1st payment$1,252.24$1,252.24$2,991.08
2nd payment$0.00$1,138.87$0.00
Taxes / mo$237.00$237.00$237.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,655.90$2,794.77$3,481.15
Cash to close$218,831$48,000$48,000