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$297,939$297,939$468,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$170,061$0
Funding fee$1,490$1,490$0
Note rate3.690%3.690%7.320%
Blended rate3.690%5.256%7.560%
1st payment$1,500.98$1,500.98$3,214.84
2nd payment$0.00$1,133.74$0.00
Taxes / mo$433.33$433.33$433.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,100.98$3,234.72$3,908.44
Cash to close$222,061$52,000$52,000