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$259,349$259,349$513,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$253,651$0
Funding fee$1,297$1,297$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.576%7.640%
1st payment$1,337.44$1,337.44$3,551.91
2nd payment$0.00$1,638.16$0.00
Taxes / mo$475.00$475.00$475.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$800.00$800.00$800.00
Total monthly$2,779.10$4,417.26$5,096.18
Cash to close$310,651$57,000$57,000