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$292,538$292,538$432,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$139,462$0
Funding fee$1,463$1,463$0
Note rate3.010%3.010%7.400%
Blended rate3.010%4.621%7.640%
1st payment$1,434.48$1,434.48$2,991.08
2nd payment$0.00$929.74$0.00
Taxes / mo$460.50$460.50$460.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,061.64$2,991.39$3,704.65
Cash to close$187,462$48,000$48,000