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$289,242$289,242$476,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$187,668$0
Funding fee$1,446$1,446$0
Note rate3.740%3.740%7.400%
Blended rate3.740%5.416%7.640%
1st payment$1,543.10$1,543.10$3,302.03
2nd payment$0.00$1,251.12$0.00
Taxes / mo$315.08$315.08$315.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.38
HOA / mo$73.00$73.00$73.00
Total monthly$2,097.85$3,348.98$3,952.16
Cash to close$240,658$52,990$52,990