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$242,677$242,677$486,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$243,323$0
Funding fee$1,213$1,213$0
Note rate3.600%3.600%7.400%
Blended rate3.600%5.678%7.640%
1st payment$1,291.19$1,291.19$3,364.97
2nd payment$0.00$1,571.46$0.00
Taxes / mo$199.82$199.82$199.82
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,657.68$3,229.14$3,828.65
Cash to close$297,323$54,000$54,000