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$235,494$235,494$440,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$205,505$0
Funding fee$1,177$1,177$0
Note rate3.070%3.070%7.320%
Blended rate3.070%5.251%7.560%
1st payment$1,159.31$1,159.31$3,029.36
2nd payment$0.00$1,327.22$0.00
Taxes / mo$240.25$240.25$240.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$74.00$74.00$74.00
Total monthly$1,640.23$2,967.45$3,598.47
Cash to close$254,505$49,000$49,000