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$253,578$253,578$449,910
Remaining term (yrs)20.220.230.0
Secondary amount$0$196,332$0
Funding fee$1,268$1,268$0
Note rate3.570%3.570%7.320%
Blended rate3.570%5.503%7.560%
1st payment$1,463.17$1,463.17$3,090.57
2nd payment$0.00$1,308.88$0.00
Taxes / mo$255.50$255.50$255.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$231.00$231.00$231.00
Total monthly$2,116.34$3,425.22$3,833.72
Cash to close$246,322$49,990$49,990