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$264,743$264,743$431,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$166,357$0
Funding fee$1,324$1,324$0
Note rate3.040%3.040%7.400%
Blended rate3.040%4.954%7.640%
1st payment$1,269.47$1,269.47$2,984.85
2nd payment$0.00$1,109.04$0.00
Taxes / mo$399.17$399.17$399.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.22
HOA / mo$194.00$194.00$194.00
Total monthly$2,029.30$3,138.35$3,830.90
Cash to close$214,257$47,900$47,900