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$289,158$289,158$539,100
Remaining term (yrs)22.922.930.0
Secondary amount$0$249,942$0
Funding fee$1,446$1,446$0
Note rate3.550%3.550%7.400%
Blended rate3.550%5.497%7.640%
1st payment$1,530.84$1,530.84$3,732.62
2nd payment$0.00$1,614.21$0.00
Taxes / mo$296.93$296.93$296.93
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,994.44$3,608.65$4,304.04
Cash to close$309,842$59,900$59,900