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$261,770$261,770$494,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$233,140$0
Funding fee$1,309$1,309$0
Note rate3.000%3.000%7.320%
Blended rate3.000%5.238%7.560%
1st payment$1,273.14$1,273.14$3,399.69
2nd payment$0.00$1,505.69$0.00
Taxes / mo$331.58$331.58$331.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,771.39$3,277.08$3,996.92
Cash to close$288,130$54,990$54,990