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$345,983$345,983$607,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$261,517$0
Funding fee$1,730$1,730$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.965%7.640%
1st payment$1,653.83$1,653.83$4,206.21
2nd payment$0.00$1,688.97$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,382.99$4,071.96$5,056.87
Cash to close$329,017$67,500$67,500