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$237,368$237,368$670,500
Remaining term (yrs)16.416.430.0
Secondary amount$0$433,132$0
Funding fee$1,187$1,187$0
Note rate3.350%3.350%7.400%
Blended rate3.350%6.192%7.640%
1st payment$1,562.15$1,562.15$4,642.41
2nd payment$0.00$2,797.31$0.00
Taxes / mo$547.08$547.08$547.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.10
HOA / mo$45.00$45.00$45.00
Total monthly$2,370.90$5,168.22$5,585.26
Cash to close$507,632$74,500$74,500