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$351,857$351,857$612,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$260,143$0
Funding fee$1,759$1,759$0
Note rate4.070%4.070%7.320%
Blended rate4.070%5.634%7.560%
1st payment$1,973.98$1,973.98$4,204.02
2nd payment$0.00$1,680.09$0.00
Taxes / mo$185.65$185.65$185.65
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,326.30$4,006.39$4,678.73
Cash to close$328,143$68,000$68,000