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$233,375$233,375$436,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$203,125$0
Funding fee$1,167$1,167$0
Note rate3.020%3.020%7.320%
Blended rate3.020%5.221%7.560%
1st payment$1,119.17$1,119.17$2,998.45
2nd payment$0.00$1,311.85$0.00
Taxes / mo$308.68$308.68$308.68
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$215.00$215.00$215.00
Total monthly$1,809.52$3,121.37$3,776.10
Cash to close$251,625$48,500$48,500