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$291,329$291,329$512,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$220,771$0
Funding fee$1,457$1,457$0
Note rate3.130%3.130%7.320%
Blended rate3.130%5.122%7.560%
1st payment$1,443.26$1,443.26$3,517.77
2nd payment$0.00$1,425.81$0.00
Taxes / mo$234.67$234.67$234.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.42
HOA / mo$98.67$98.67$98.67
Total monthly$1,943.26$3,369.07$4,120.20
Cash to close$277,671$56,900$56,900