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$245,551$245,551$503,100
Remaining term (yrs)19.519.530.0
Secondary amount$0$257,549$0
Funding fee$1,228$1,228$0
Note rate3.710%3.710%7.400%
Blended rate3.710%5.778%7.640%
1st payment$1,467.34$1,467.34$3,483.36
2nd payment$0.00$1,663.34$0.00
Taxes / mo$465.83$465.83$465.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,099.84$3,763.18$4,216.48
Cash to close$313,449$55,900$55,900