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$307,661$307,661$697,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$389,839$0
Funding fee$1,538$1,538$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.611%7.640%
1st payment$1,473.45$1,473.45$4,829.35
2nd payment$0.00$2,517.71$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$589.00$589.00$589.00
Total monthly$2,924.95$5,442.67$6,420.35
Cash to close$467,339$77,500$77,500