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$252,653$252,653$494,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$242,257$0
Funding fee$1,263$1,263$0
Note rate3.130%3.130%7.400%
Blended rate3.130%5.391%7.640%
1st payment$1,251.65$1,251.65$3,426.66
2nd payment$0.00$1,564.58$0.00
Taxes / mo$458.25$458.25$458.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,876.57$3,441.15$4,150.56
Cash to close$297,247$54,990$54,990