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$304,706$304,706$504,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$199,294$0
Funding fee$1,524$1,524$0
Note rate3.150%3.150%7.400%
Blended rate3.150%5.068%7.640%
1st payment$1,516.24$1,516.24$3,489.59
2nd payment$0.00$1,328.62$0.00
Taxes / mo$431.58$431.58$431.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$100.00$100.00$100.00
Total monthly$2,214.49$3,543.12$4,288.64
Cash to close$255,294$56,000$56,000