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$328,663$328,663$517,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$188,837$0
Funding fee$1,643$1,643$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.888%7.640%
1st payment$1,558.61$1,558.61$3,583.07
2nd payment$0.00$1,258.91$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$305.00$305.00$305.00
Total monthly$2,509.44$3,768.35$4,637.40
Cash to close$246,337$57,500$57,500