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$348,915$348,915$490,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$141,585$0
Funding fee$1,745$1,745$0
Note rate3.290%3.290%7.400%
Blended rate3.290%4.650%7.640%
1st payment$1,765.82$1,765.82$3,396.12
2nd payment$0.00$943.90$0.00
Taxes / mo$454.17$454.17$454.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,386.66$3,330.56$4,115.06
Cash to close$196,085$54,500$54,500