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$255,727$255,727$445,410
Remaining term (yrs)25.325.330.0
Secondary amount$0$189,683$0
Funding fee$1,279$1,279$0
Note rate3.100%3.100%7.400%
Blended rate3.100%5.187%7.640%
1st payment$1,212.73$1,212.73$3,083.93
2nd payment$0.00$1,264.55$0.00
Taxes / mo$321.50$321.50$321.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,700.89$2,965.45$3,661.18
Cash to close$239,173$49,490$49,490