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$308,799$308,799$499,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$190,701$0
Funding fee$1,544$1,544$0
Note rate4.100%4.100%7.320%
Blended rate4.100%5.589%7.560%
1st payment$1,741.31$1,741.31$3,431.22
2nd payment$0.00$1,271.34$0.00
Taxes / mo$82.83$82.83$82.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.90
HOA / mo$171.67$171.67$171.67
Total monthly$2,162.48$3,433.81$3,952.29
Cash to close$246,201$55,500$55,500