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$311,240$311,240$670,500
Remaining term (yrs)20.120.130.0
Secondary amount$0$359,260$0
Funding fee$1,556$1,556$0
Note rate3.540%3.540%7.400%
Blended rate3.540%5.796%7.640%
1st payment$1,796.10$1,796.10$4,642.41
2nd payment$0.00$2,320.22$0.00
Taxes / mo$620.83$620.83$620.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,633.60$4,953.82$5,614.01
Cash to close$433,760$74,500$74,500