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$264,015$264,015$449,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$185,984$0
Funding fee$1,320$1,320$0
Note rate3.010%3.010%7.320%
Blended rate3.010%5.072%7.560%
1st payment$1,288.46$1,288.46$3,091.18
2nd payment$0.00$1,239.89$0.00
Taxes / mo$202.83$202.83$202.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$60.00$60.00$60.00
Total monthly$1,717.96$2,957.86$3,610.68
Cash to close$235,984$50,000$50,000