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$262,230$262,230$688,500
Remaining term (yrs)16.416.430.0
Secondary amount$0$426,270$0
Funding fee$1,311$1,311$0
Note rate3.380%3.380%7.400%
Blended rate3.380%6.086%7.640%
1st payment$1,729.67$1,729.67$4,767.03
2nd payment$0.00$2,753.00$0.00
Taxes / mo$260.75$260.75$260.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$137.70
HOA / mo$125.00$125.00$125.00
Total monthly$2,332.08$5,085.08$5,507.15
Cash to close$502,770$76,500$76,500