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$264,028$264,028$557,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$293,882$0
Funding fee$1,320$1,320$0
Note rate3.130%3.130%7.400%
Blended rate3.130%5.564%7.640%
1st payment$1,278.44$1,278.44$3,862.86
2nd payment$0.00$1,897.99$0.00
Taxes / mo$37.50$37.50$37.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,482.61$3,380.60$4,178.60
Cash to close$355,872$61,990$61,990