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$240,586$240,586$468,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$227,414$0
Funding fee$1,203$1,203$0
Note rate3.420%3.420%7.400%
Blended rate3.420%5.524%7.640%
1st payment$1,377.45$1,377.45$3,240.34
2nd payment$0.00$1,468.71$0.00
Taxes / mo$390.50$390.50$390.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,934.62$3,403.34$3,891.10
Cash to close$279,414$52,000$52,000