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$272,367$272,367$503,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$230,733$0
Funding fee$1,362$1,362$0
Note rate3.100%3.100%7.320%
Blended rate3.100%5.233%7.560%
1st payment$1,291.64$1,291.64$3,455.95
2nd payment$0.00$1,490.15$0.00
Taxes / mo$465.83$465.83$465.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,924.14$3,414.29$4,189.07
Cash to close$286,633$55,900$55,900