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$224,955$224,955$459,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$234,045$0
Funding fee$1,125$1,125$0
Note rate3.330%3.330%7.400%
Blended rate3.330%5.584%7.640%
1st payment$1,145.84$1,145.84$3,178.02
2nd payment$0.00$1,511.54$0.00
Taxes / mo$228.58$228.58$228.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.80
HOA / mo$8.83$8.83$8.83
Total monthly$1,549.92$3,061.46$3,673.90
Cash to close$285,045$51,000$51,000