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$319,079$319,079$476,100
Remaining term (yrs)23.223.230.0
Secondary amount$0$157,021$0
Funding fee$1,595$1,595$0
Note rate3.700%3.700%7.400%
Blended rate3.700%5.118%7.640%
1st payment$1,703.05$1,703.05$3,296.42
2nd payment$0.00$1,046.81$0.00
Taxes / mo$440.83$440.83$440.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.22
HOA / mo$603.00$603.00$603.00
Total monthly$2,913.55$3,960.36$4,602.14
Cash to close$209,921$52,900$52,900