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$238,320$238,320$643,410
Remaining term (yrs)16.416.430.0
Secondary amount$0$405,090$0
Funding fee$1,192$1,192$0
Note rate3.430%3.430%7.400%
Blended rate3.430%6.150%7.640%
1st payment$1,577.87$1,577.87$4,454.84
2nd payment$0.00$2,616.21$0.00
Taxes / mo$547.08$547.08$547.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$128.68
HOA / mo$45.00$45.00$45.00
Total monthly$2,386.62$5,002.82$5,392.27
Cash to close$476,580$71,490$71,490