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$292,390$292,390$449,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$157,520$0
Funding fee$1,462$1,462$0
Note rate3.470%3.470%7.400%
Blended rate3.470%5.056%7.640%
1st payment$1,510.92$1,510.92$3,115.09
2nd payment$0.00$1,050.13$0.00
Taxes / mo$216.17$216.17$216.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$8.33$8.33$8.33
Total monthly$1,902.08$2,952.22$3,596.23
Cash to close$207,510$49,990$49,990