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$249,863$249,863$418,500
Remaining term (yrs)20.020.030.0
Secondary amount$0$168,637$0
Funding fee$1,249$1,249$0
Note rate3.420%3.420%7.320%
Blended rate3.420%5.266%7.560%
1st payment$1,430.57$1,430.57$2,874.80
2nd payment$0.00$1,124.25$0.00
Taxes / mo$206.75$206.75$206.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$83.33$83.33$83.33
Total monthly$1,887.32$3,011.56$3,415.25
Cash to close$215,137$46,500$46,500