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$285,939$285,939$787,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$501,561$0
Funding fee$1,430$1,430$0
Note rate3.230%3.230%7.400%
Blended rate3.230%6.109%7.640%
1st payment$1,434.79$1,434.79$5,452.49
2nd payment$0.00$3,239.25$0.00
Taxes / mo$729.17$729.17$729.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,380.62$5,619.87$6,555.82
Cash to close$589,061$87,500$87,500