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$242,505$242,505$449,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$206,595$0
Funding fee$1,213$1,213$0
Note rate3.280%3.280%7.320%
Blended rate3.280%5.336%7.560%
1st payment$1,223.19$1,223.19$3,085.01
2nd payment$0.00$1,334.26$0.00
Taxes / mo$263.92$263.92$263.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,653.78$2,988.03$3,605.41
Cash to close$256,495$49,900$49,900