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$300,634$300,634$477,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$176,366$0
Funding fee$1,503$1,503$0
Note rate3.000%3.000%7.240%
Blended rate3.000%4.849%7.480%
1st payment$1,441.89$1,441.89$3,250.75
2nd payment$0.00$1,175.77$0.00
Taxes / mo$297.08$297.08$297.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$9.58$9.58$9.58
Total monthly$1,915.22$3,090.99$3,819.48
Cash to close$229,366$53,000$53,000