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$318,906$318,906$1,026,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$707,094$0
Funding fee$1,595$1,595$0
Note rate3.160%3.160%7.400%
Blended rate3.160%6.323%7.640%
1st payment$1,584.85$1,584.85$7,103.82
2nd payment$0.00$4,566.65$0.00
Taxes / mo$536.67$536.67$536.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$205.20
HOA / mo$25.00$25.00$25.00
Total monthly$2,363.19$6,929.83$8,087.35
Cash to close$821,094$114,000$114,000