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$349,263$349,263$562,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$213,237$0
Funding fee$1,746$1,746$0
Note rate3.700%3.700%7.400%
Blended rate3.700%5.235%7.640%
1st payment$1,864.15$1,864.15$3,894.64
2nd payment$0.00$1,377.16$0.00
Taxes / mo$521.42$521.42$521.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$41.67$41.67$41.67
Total monthly$2,593.90$3,971.06$4,736.89
Cash to close$275,737$62,500$62,500