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$285,415$285,415$495,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$209,585$0
Funding fee$1,427$1,427$0
Note rate3.250%3.250%7.320%
Blended rate3.250%5.155%7.560%
1st payment$1,431.83$1,431.83$3,400.31
2nd payment$0.00$1,353.57$0.00
Taxes / mo$347.08$347.08$347.08
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$1,945.58$3,299.15$4,013.06
Cash to close$264,585$55,000$55,000