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$308,583$308,583$481,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$172,917$0
Funding fee$1,543$1,543$0
Note rate3.050%3.050%7.320%
Blended rate3.050%4.828%7.560%
1st payment$1,484.64$1,484.64$3,307.57
2nd payment$0.00$1,152.78$0.00
Taxes / mo$67.83$67.83$67.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$20.00$20.00$20.00
Total monthly$1,739.14$2,891.93$3,658.37
Cash to close$226,417$53,500$53,500