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$275,719$275,719$436,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$160,781$0
Funding fee$1,379$1,379$0
Note rate3.600%3.600%7.320%
Blended rate3.600%5.221%7.560%
1st payment$1,450.32$1,450.32$2,998.45
2nd payment$0.00$1,071.87$0.00
Taxes / mo$404.17$404.17$404.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$133.33$133.33$133.33
Total monthly$2,154.48$3,226.35$3,789.92
Cash to close$209,281$48,500$48,500