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$249,832$249,832$495,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$245,168$0
Funding fee$1,249$1,249$0
Note rate3.030%3.030%7.400%
Blended rate3.030%5.368%7.640%
1st payment$1,221.83$1,221.83$3,427.28
2nd payment$0.00$1,583.37$0.00
Taxes / mo$275.58$275.58$275.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,664.08$3,247.45$3,968.53
Cash to close$300,168$55,000$55,000