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$288,891$288,891$463,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$174,609$0
Funding fee$1,444$1,444$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.915%7.640%
1st payment$1,368.39$1,368.39$3,209.18
2nd payment$0.00$1,164.06$0.00
Taxes / mo$196.00$196.00$196.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$200.00$200.00$200.00
Total monthly$1,931.05$3,095.11$3,864.55
Cash to close$226,109$51,500$51,500