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$291,221$291,221$494,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$202,879$0
Funding fee$1,456$1,456$0
Note rate3.260%3.260%7.400%
Blended rate3.260%5.104%7.640%
1st payment$1,469.27$1,469.27$3,421.05
2nd payment$0.00$1,310.26$0.00
Taxes / mo$457.50$457.50$457.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,093.43$3,403.69$4,144.04
Cash to close$257,779$54,900$54,900