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$228,025$228,025$467,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$239,075$0
Funding fee$1,140$1,140$0
Note rate3.310%3.310%7.400%
Blended rate3.310%5.583%7.640%
1st payment$1,156.41$1,156.41$3,234.11
2nd payment$0.00$1,544.03$0.00
Taxes / mo$432.50$432.50$432.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.42
HOA / mo$182.00$182.00$182.00
Total monthly$1,937.57$3,481.60$4,108.69
Cash to close$290,975$51,900$51,900