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$285,954$285,954$562,455
Remaining term (yrs)23.923.930.0
Secondary amount$0$276,501$0
Funding fee$1,430$1,430$0
Note rate3.020%3.020%7.320%
Blended rate3.020%5.345%7.560%
1st payment$1,393.71$1,393.71$3,863.68
2nd payment$0.00$1,785.74$0.00
Taxes / mo$520.79$520.79$520.79
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.49
HOA / mo$0.00$0.00$0.00
Total monthly$2,081.17$3,866.91$4,663.62
Cash to close$338,996$62,495$62,495