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$295,534$295,534$562,499
Remaining term (yrs)19.019.030.0
Secondary amount$0$266,966$0
Funding fee$1,478$1,478$0
Note rate3.890%3.890%7.400%
Blended rate3.890%5.722%7.640%
1st payment$1,824.91$1,824.91$3,894.63
2nd payment$0.00$1,724.15$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,512.41$4,236.56$4,694.63
Cash to close$329,465$62,500$62,500