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$298,190$298,190$449,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$150,910$0
Funding fee$1,491$1,491$0
Note rate3.500%3.500%7.320%
Blended rate3.500%5.012%7.560%
1st payment$1,542.15$1,542.15$3,085.01
2nd payment$0.00$1,006.07$0.00
Taxes / mo$464.33$464.33$464.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$93.00$93.00$93.00
Total monthly$2,266.15$3,272.21$3,898.83
Cash to close$200,810$49,900$49,900