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$237,976$237,976$732,600
Remaining term (yrs)23.923.930.0
Secondary amount$0$494,624$0
Funding fee$1,190$1,190$0
Note rate3.020%3.020%7.400%
Blended rate3.020%6.214%7.640%
1st payment$1,162.62$1,162.62$5,072.37
2nd payment$0.00$3,194.44$0.00
Taxes / mo$220.17$220.17$220.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$146.52
HOA / mo$100.00$100.00$100.00
Total monthly$1,699.45$4,893.89$5,755.73
Cash to close$576,024$81,400$81,400