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$331,551$331,551$517,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$185,949$0
Funding fee$1,658$1,658$0
Note rate3.040%3.040%7.400%
Blended rate3.040%4.822%7.640%
1st payment$1,589.82$1,589.82$3,583.07
2nd payment$0.00$1,239.66$0.00
Taxes / mo$463.17$463.17$463.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$207.00$207.00$207.00
Total monthly$2,426.65$3,666.31$4,523.40
Cash to close$243,449$57,500$57,500