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$284,646$284,646$459,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$174,354$0
Funding fee$1,423$1,423$0
Note rate3.650%3.650%7.400%
Blended rate3.650%5.302%7.640%
1st payment$1,515.10$1,515.10$3,178.02
2nd payment$0.00$1,162.36$0.00
Taxes / mo$425.00$425.00$425.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,106.77$3,269.13$3,861.49
Cash to close$225,354$51,000$51,000