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$295,568$295,568$557,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$262,342$0
Funding fee$1,478$1,478$0
Note rate3.230%3.230%7.400%
Blended rate3.230%5.355%7.640%
1st payment$1,472.88$1,472.88$3,862.86
2nd payment$0.00$1,694.29$0.00
Taxes / mo$516.58$516.58$516.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,156.13$3,850.42$4,657.69
Cash to close$324,332$61,990$61,990