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$312,144$312,144$450,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$137,856$0
Funding fee$1,561$1,561$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.052%7.640%
1st payment$1,674.39$1,674.39$3,115.71
2nd payment$0.00$919.04$0.00
Taxes / mo$171.75$171.75$171.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,012.81$2,931.85$3,544.13
Cash to close$187,856$50,000$50,000