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$251,088$251,088$530,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$279,012$0
Funding fee$1,255$1,255$0
Note rate3.160%3.160%7.320%
Blended rate3.160%5.576%7.560%
1st payment$1,247.82$1,247.82$3,641.42
2nd payment$0.00$1,801.95$0.00
Taxes / mo$424.25$424.25$424.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.02
HOA / mo$133.00$133.00$133.00
Total monthly$1,971.73$3,773.69$4,471.36
Cash to close$337,912$58,900$58,900