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$290,651$290,651$484,200
Remaining term (yrs)24.624.630.0
Secondary amount$0$193,549$0
Funding fee$1,453$1,453$0
Note rate3.080%3.080%7.400%
Blended rate3.080%5.047%7.640%
1st payment$1,399.76$1,399.76$3,352.50
2nd payment$0.00$1,290.33$0.00
Taxes / mo$448.33$448.33$448.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.84
HOA / mo$280.00$280.00$280.00
Total monthly$2,294.76$3,585.09$4,344.34
Cash to close$247,349$53,800$53,800