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$318,709$318,709$697,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$378,791$0
Funding fee$1,594$1,594$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.502%7.640%
1st payment$1,514.92$1,514.92$4,829.35
2nd payment$0.00$2,446.36$0.00
Taxes / mo$392.42$392.42$392.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,124.01$4,570.37$5,577.93
Cash to close$456,291$77,500$77,500