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$316,890$316,890$558,000
Remaining term (yrs)21.121.130.0
Secondary amount$0$241,110$0
Funding fee$1,584$1,584$0
Note rate3.810%3.810%7.400%
Blended rate3.810%5.512%7.640%
1st payment$1,814.79$1,814.79$3,863.48
2nd payment$0.00$1,557.17$0.00
Taxes / mo$516.67$516.67$516.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$258.00$258.00$258.00
Total monthly$2,756.12$4,313.29$4,916.41
Cash to close$303,110$62,000$62,000