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$242,295$242,295$529,200
Remaining term (yrs)23.023.030.0
Secondary amount$0$286,905$0
Funding fee$1,211$1,211$0
Note rate3.730%3.730%7.400%
Blended rate3.730%5.909%7.640%
1st payment$1,302.97$1,302.97$3,664.07
2nd payment$0.00$1,852.93$0.00
Taxes / mo$197.75$197.75$197.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,667.39$3,520.32$4,134.33
Cash to close$345,705$58,800$58,800