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$243,258$243,258$621,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$377,742$0
Funding fee$1,216$1,216$0
Note rate3.730%3.730%7.320%
Blended rate3.730%6.175%7.560%
1st payment$1,317.15$1,317.15$4,265.84
2nd payment$0.00$2,439.59$0.00
Taxes / mo$575.00$575.00$575.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,058.81$4,498.40$5,131.71
Cash to close$446,742$69,000$69,000