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$258,774$258,774$495,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$236,226$0
Funding fee$1,294$1,294$0
Note rate3.510%3.510%7.400%
Blended rate3.510%5.533%7.640%
1st payment$1,348.81$1,348.81$3,427.28
2nd payment$0.00$1,525.63$0.00
Taxes / mo$282.83$282.83$282.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,798.31$3,323.94$3,975.78
Cash to close$291,226$55,000$55,000