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$244,038$244,038$667,800
Remaining term (yrs)16.016.030.0
Secondary amount$0$423,762$0
Funding fee$1,220$1,220$0
Note rate3.500%3.500%7.400%
Blended rate3.500%6.197%7.640%
1st payment$1,648.99$1,648.99$4,623.71
2nd payment$0.00$2,736.80$0.00
Taxes / mo$392.75$392.75$392.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$133.56
HOA / mo$30.00$30.00$30.00
Total monthly$2,288.40$5,025.20$5,396.69
Cash to close$497,962$74,200$74,200