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$246,520$246,520$620,100
Remaining term (yrs)18.118.130.0
Secondary amount$0$373,580$0
Funding fee$1,233$1,233$0
Note rate3.980%3.980%7.400%
Blended rate3.980%6.251%7.640%
1st payment$1,585.32$1,585.32$4,293.45
2nd payment$0.00$2,412.71$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.02
HOA / mo$48.00$48.00$48.00
Total monthly$2,374.15$4,786.86$5,206.30
Cash to close$442,480$68,900$68,900