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$247,356$247,356$427,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$180,144$0
Funding fee$1,237$1,237$0
Note rate3.680%3.680%7.400%
Blended rate3.680%5.500%7.640%
1st payment$1,317.59$1,317.59$2,959.92
2nd payment$0.00$1,200.96$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,880.09$3,081.05$3,607.92
Cash to close$227,644$47,500$47,500