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$244,785$244,785$463,410
Remaining term (yrs)20.920.930.0
Secondary amount$0$218,625$0
Funding fee$1,224$1,224$0
Note rate3.030%3.030%7.400%
Blended rate3.030%5.257%7.640%
1st payment$1,314.15$1,314.15$3,208.56
2nd payment$0.00$1,411.95$0.00
Taxes / mo$261.33$261.33$261.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.68
HOA / mo$30.00$30.00$30.00
Total monthly$1,772.15$3,184.10$3,759.24
Cash to close$270,115$51,490$51,490