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$236,874$236,874$450,000
Remaining term (yrs)20.720.730.0
Secondary amount$0$213,126$0
Funding fee$1,184$1,184$0
Note rate3.950%3.950%7.320%
Blended rate3.950%5.750%7.560%
1st payment$1,391.70$1,391.70$3,091.19
2nd payment$0.00$1,376.44$0.00
Taxes / mo$342.99$342.99$342.99
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$30.42$30.42$30.42
Total monthly$1,931.78$3,308.22$3,721.26
Cash to close$263,126$50,000$50,000