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$336,407$336,407$531,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$194,593$0
Funding fee$1,682$1,682$0
Note rate3.550%3.550%7.320%
Blended rate3.550%5.181%7.560%
1st payment$1,780.98$1,780.98$3,647.60
2nd payment$0.00$1,297.29$0.00
Taxes / mo$491.67$491.67$491.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,439.31$3,736.60$4,412.13
Cash to close$253,593$59,000$59,000