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$246,282$246,282$530,910
Remaining term (yrs)29.129.130.0
Secondary amount$0$284,628$0
Funding fee$1,231$1,231$0
Note rate6.340%6.340%7.400%
Blended rate6.340%7.096%7.640%
1st payment$1,544.08$1,544.08$3,675.91
2nd payment$0.00$1,838.22$0.00
Taxes / mo$400.67$400.67$400.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,111.41$3,949.64$4,349.43
Cash to close$343,618$58,990$58,990