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$173,735$173,735$459,000
Remaining term (yrs)16.316.330.0
Secondary amount$0$285,265$0
Funding fee$869$869$0
Note rate3.350%3.350%7.400%
Blended rate3.350%6.085%7.640%
1st payment$1,147.73$1,147.73$3,178.02
2nd payment$0.00$1,842.33$0.00
Taxes / mo$978.08$978.08$978.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,292.48$4,134.81$4,414.57
Cash to close$336,265$51,000$51,000