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$244,864$244,864$414,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$169,136$0
Funding fee$1,224$1,224$0
Note rate3.100%3.100%7.400%
Blended rate3.100%5.102%7.640%
1st payment$1,161.21$1,161.21$2,866.45
2nd payment$0.00$1,127.57$0.00
Taxes / mo$44.42$44.42$44.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,372.29$2,499.87$3,160.34
Cash to close$215,136$46,000$46,000