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$249,616$249,616$495,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$245,384$0
Funding fee$1,248$1,248$0
Note rate3.460%3.460%7.400%
Blended rate3.460%5.587%7.640%
1st payment$1,434.28$1,434.28$3,427.28
2nd payment$0.00$1,584.77$0.00
Taxes / mo$241.33$241.33$241.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$95.00$95.00$95.00
Total monthly$1,937.28$3,522.05$4,029.28
Cash to close$300,384$55,000$55,000