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$266,929$266,929$582,300
Remaining term (yrs)23.823.830.0
Secondary amount$0$315,371$0
Funding fee$1,335$1,335$0
Note rate3.130%3.130%7.400%
Blended rate3.130%5.632%7.640%
1st payment$1,322.38$1,322.38$4,031.73
2nd payment$0.00$2,036.77$0.00
Taxes / mo$532.75$532.75$532.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.46
HOA / mo$75.00$75.00$75.00
Total monthly$2,096.79$4,133.56$4,922.60
Cash to close$380,071$64,700$64,700