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$282,027$282,027$562,500
Remaining term (yrs)16.616.630.0
Secondary amount$0$280,473$0
Funding fee$1,410$1,410$0
Note rate6.320%6.320%7.320%
Blended rate6.320%7.033%7.560%
1st payment$2,277.81$2,277.81$3,863.98
2nd payment$0.00$1,811.39$0.00
Taxes / mo$179.67$179.67$179.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,624.14$4,435.53$4,322.82
Cash to close$342,973$62,500$62,500