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$240,378$240,378$441,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$200,622$0
Funding fee$1,202$1,202$0
Note rate3.550%3.550%7.320%
Blended rate3.550%5.461%7.560%
1st payment$1,195.12$1,195.12$3,029.36
2nd payment$0.00$1,295.69$0.00
Taxes / mo$321.75$321.75$321.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$2.50$2.50$2.50
Total monthly$1,686.03$2,981.72$3,608.48
Cash to close$249,622$49,000$49,000