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$365,250$365,250$661,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$296,250$0
Funding fee$1,826$1,826$0
Note rate3.720%3.720%7.400%
Blended rate3.720%5.525%7.640%
1st payment$1,949.02$1,949.02$4,580.09
2nd payment$0.00$1,913.28$0.00
Taxes / mo$285.42$285.42$285.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,451.10$4,364.39$5,214.48
Cash to close$369,750$73,500$73,500