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$300,048$300,048$486,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$185,952$0
Funding fee$1,500$1,500$0
Note rate3.430%3.430%7.320%
Blended rate3.430%5.179%7.560%
1st payment$1,724.39$1,724.39$3,338.48
2nd payment$0.00$1,239.68$0.00
Taxes / mo$1,112.50$1,112.50$1,112.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,003.55$4,243.24$4,714.85
Cash to close$239,952$54,000$54,000