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$291,657$291,657$521,999
Remaining term (yrs)20.920.930.0
Secondary amount$0$230,342$0
Funding fee$1,458$1,458$0
Note rate3.880%3.880%7.320%
Blended rate3.880%5.588%7.560%
1st payment$1,689.65$1,689.65$3,585.77
2nd payment$0.00$1,487.63$0.00
Taxes / mo$1,048.17$1,048.17$1,048.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,904.48$4,392.11$4,905.00
Cash to close$288,342$58,000$58,000