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$233,650$233,650$449,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$216,260$0
Funding fee$1,168$1,168$0
Note rate3.110%3.110%7.400%
Blended rate3.110%5.340%7.640%
1st payment$1,111.66$1,111.66$3,115.09
2nd payment$0.00$1,396.68$0.00
Taxes / mo$316.50$316.50$316.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,594.82$2,991.50$3,688.23
Cash to close$266,250$49,990$49,990