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$248,549$248,549$809,910
Remaining term (yrs)16.016.030.0
Secondary amount$0$561,361$0
Funding fee$1,243$1,243$0
Note rate3.360%3.360%7.400%
Blended rate3.360%6.403%7.640%
1st payment$1,662.25$1,662.25$5,607.65
2nd payment$0.00$3,625.45$0.00
Taxes / mo$749.92$749.92$749.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,628.83$6,254.29$6,736.22
Cash to close$651,351$89,990$89,990