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$401,901$401,901$639,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$237,099$0
Funding fee$2,010$2,010$0
Note rate3.720%3.720%7.320%
Blended rate3.720%5.215%7.560%
1st payment$2,144.60$2,144.60$4,389.49
2nd payment$0.00$1,531.27$0.00
Taxes / mo$591.67$591.67$591.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$127.80
HOA / mo$50.00$50.00$50.00
Total monthly$3,002.93$4,534.20$5,375.62
Cash to close$308,099$71,000$71,000