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$245,404$245,404$432,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$186,596$0
Funding fee$1,227$1,227$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.586%7.640%
1st payment$1,331.39$1,331.39$2,991.08
2nd payment$0.00$1,243.97$0.00
Taxes / mo$221.50$221.50$221.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,719.55$2,963.53$3,465.65
Cash to close$234,596$48,000$48,000