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$254,991$254,991$449,999
Remaining term (yrs)22.922.930.0
Secondary amount$0$195,009$0
Funding fee$1,275$1,275$0
Note rate3.600%3.600%7.320%
Blended rate3.600%5.507%7.560%
1st payment$1,356.71$1,356.71$3,091.18
2nd payment$0.00$1,300.06$0.00
Taxes / mo$440.08$440.08$440.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$58.33$58.33$58.33
Total monthly$2,021.79$3,321.84$3,846.26
Cash to close$245,008$50,000$50,000