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$308,909$308,909$495,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$186,091$0
Funding fee$1,545$1,545$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.161%7.640%
1st payment$1,593.01$1,593.01$3,427.28
2nd payment$0.00$1,240.60$0.00
Taxes / mo$294.92$294.92$294.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$24.83$24.83$24.83
Total monthly$2,079.43$3,320.03$4,012.69
Cash to close$241,091$55,000$55,000