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$345,836$345,836$652,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$306,664$0
Funding fee$1,729$1,729$0
Note rate2.880%2.880%7.320%
Blended rate2.880%5.169%7.560%
1st payment$1,660.64$1,660.64$4,482.22
2nd payment$0.00$1,980.54$0.00
Taxes / mo$334.42$334.42$334.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$42.00$42.00$42.00
Total monthly$2,253.72$4,234.26$5,205.81
Cash to close$379,164$72,500$72,500