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$299,202$299,202$670,500
Remaining term (yrs)20.620.630.0
Secondary amount$0$371,298$0
Funding fee$1,496$1,496$0
Note rate4.050%4.050%7.400%
Blended rate4.050%6.099%7.640%
1st payment$1,778.33$1,778.33$4,642.41
2nd payment$0.00$2,397.97$0.00
Taxes / mo$483.75$483.75$483.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.10
HOA / mo$104.00$104.00$104.00
Total monthly$2,582.75$4,980.71$5,580.92
Cash to close$445,798$74,500$74,500