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$202,968$202,968$450,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$247,032$0
Funding fee$1,015$1,015$0
Note rate3.180%3.180%7.400%
Blended rate3.180%5.689%7.640%
1st payment$1,013.16$1,013.16$3,115.71
2nd payment$0.00$1,595.41$0.00
Taxes / mo$804.67$804.67$804.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,984.49$3,579.90$4,177.04
Cash to close$297,032$50,000$50,000