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$340,267$340,267$570,600
Remaining term (yrs)23.823.830.0
Secondary amount$0$230,333$0
Funding fee$1,701$1,701$0
Note rate3.160%3.160%7.320%
Blended rate3.160%5.013%7.560%
1st payment$1,691.01$1,691.01$3,919.63
2nd payment$0.00$1,487.57$0.00
Taxes / mo$236.42$236.42$236.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.12
HOA / mo$0.00$0.00$0.00
Total monthly$2,094.09$3,581.66$4,436.83
Cash to close$293,733$63,400$63,400