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$302,663$302,663$526,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$223,837$0
Funding fee$1,513$1,513$0
Note rate3.040%3.040%7.400%
Blended rate3.040%5.042%7.640%
1st payment$1,448.03$1,448.03$3,645.38
2nd payment$0.00$1,445.61$0.00
Taxes / mo$491.42$491.42$491.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$26.00$26.00$26.00
Total monthly$2,132.12$3,577.73$4,434.76
Cash to close$282,337$58,500$58,500