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$307,255$307,255$486,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$178,745$0
Funding fee$1,536$1,536$0
Note rate3.300%3.300%7.400%
Blended rate3.300%5.029%7.640%
1st payment$1,560.22$1,560.22$3,364.97
2nd payment$0.00$1,191.63$0.00
Taxes / mo$411.25$411.25$411.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$88.67$88.67$88.67
Total monthly$2,226.80$3,418.43$4,128.75
Cash to close$232,745$54,000$54,000