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$346,809$346,809$481,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$134,691$0
Funding fee$1,734$1,734$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.723%7.640%
1st payment$1,792.55$1,792.55$3,333.81
2nd payment$0.00$897.94$0.00
Taxes / mo$286.58$286.58$286.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,245.80$3,143.74$3,883.36
Cash to close$188,191$53,500$53,500