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$248,726$248,726$494,100
Remaining term (yrs)21.021.030.0
Secondary amount$0$245,374$0
Funding fee$1,244$1,244$0
Note rate3.960%3.960%7.400%
Blended rate3.960%5.842%7.640%
1st payment$1,447.83$1,447.83$3,421.05
2nd payment$0.00$1,584.70$0.00
Taxes / mo$257.08$257.08$257.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,871.58$3,456.29$3,943.62
Cash to close$300,274$54,900$54,900