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$347,996$347,996$579,600
Remaining term (yrs)23.423.430.0
Secondary amount$0$231,604$0
Funding fee$1,740$1,740$0
Note rate2.810%2.810%7.320%
Blended rate2.810%4.784%7.560%
1st payment$1,683.18$1,683.18$3,981.45
2nd payment$0.00$1,495.77$0.00
Taxes / mo$317.67$317.67$317.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.92
HOA / mo$25.00$25.00$25.00
Total monthly$2,192.51$3,688.29$4,606.70
Cash to close$296,004$64,400$64,400