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$265,366$265,366$702,000
Remaining term (yrs)18.618.630.0
Secondary amount$0$436,634$0
Funding fee$1,327$1,327$0
Note rate3.650%3.650%7.400%
Blended rate3.650%6.200%7.640%
1st payment$1,630.39$1,630.39$4,860.51
2nd payment$0.00$2,819.93$0.00
Taxes / mo$250.91$250.91$250.91
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.40
HOA / mo$70.00$70.00$70.00
Total monthly$2,167.96$4,987.89$5,538.48
Cash to close$514,634$78,000$78,000