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$347,834$347,834$584,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$237,076$0
Funding fee$1,739$1,739$0
Note rate4.060%4.060%7.320%
Blended rate4.060%5.556%7.560%
1st payment$2,048.38$2,048.38$4,017.93
2nd payment$0.00$1,531.12$0.00
Taxes / mo$541.58$541.58$541.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$541.00$541.00$541.00
Total monthly$3,297.63$4,828.75$5,384.16
Cash to close$302,066$64,990$64,990