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$242,356$242,356$539,910
Remaining term (yrs)21.021.030.0
Secondary amount$0$297,554$0
Funding fee$1,212$1,212$0
Note rate3.780%3.780%7.400%
Blended rate3.780%5.968%7.640%
1st payment$1,387.66$1,387.66$3,738.23
2nd payment$0.00$1,921.70$0.00
Taxes / mo$545.25$545.25$545.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$18.33$18.33$18.33
Total monthly$2,117.91$4,039.61$4,576.46
Cash to close$357,544$59,990$59,990