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$223,007$223,007$494,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$271,903$0
Funding fee$1,115$1,115$0
Note rate3.330%3.330%7.320%
Blended rate3.330%5.758%7.560%
1st payment$1,130.70$1,130.70$3,399.69
2nd payment$0.00$1,756.04$0.00
Taxes / mo$139.42$139.42$139.42
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$1,436.78$3,192.82$3,804.75
Cash to close$326,893$54,990$54,990