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$264,608$264,608$584,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$320,302$0
Funding fee$1,323$1,323$0
Note rate3.070%3.070%7.400%
Blended rate3.070%5.633%7.640%
1st payment$1,302.64$1,302.64$4,049.80
2nd payment$0.00$2,068.62$0.00
Taxes / mo$211.25$211.25$211.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$96.00$96.00$96.00
Total monthly$1,776.55$3,845.17$4,640.70
Cash to close$385,292$64,990$64,990