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$295,459$295,459$585,000
Remaining term (yrs)18.518.530.0
Secondary amount$0$289,541$0
Funding fee$1,477$1,477$0
Note rate3.770%3.770%7.320%
Blended rate3.770%5.740%7.560%
1st payment$1,839.11$1,839.11$4,018.54
2nd payment$0.00$1,869.95$0.00
Taxes / mo$336.08$336.08$336.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,341.86$4,211.81$4,638.29
Cash to close$354,541$65,000$65,000