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$306,736$306,736$461,475
Remaining term (yrs)22.722.730.0
Secondary amount$0$154,739$0
Funding fee$1,534$1,534$0
Note rate4.070%4.070%7.320%
Blended rate4.070%5.388%7.560%
1st payment$1,720.84$1,720.84$3,170.01
2nd payment$0.00$1,031.60$0.00
Taxes / mo$427.29$427.29$427.29
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.30
HOA / mo$350.00$350.00$350.00
Total monthly$2,664.80$3,696.40$4,206.27
Cash to close$206,014$51,275$51,275