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$271,702$271,702$508,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$236,798$0
Funding fee$1,359$1,359$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.613%7.640%
1st payment$1,467.34$1,467.34$3,520.75
2nd payment$0.00$1,529.32$0.00
Taxes / mo$342.67$342.67$342.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,976.68$3,506.00$4,131.78
Cash to close$293,298$56,500$56,500