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$324,360$324,360$598,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$274,140$0
Funding fee$1,622$1,622$0
Note rate3.100%3.100%7.320%
Blended rate3.100%5.230%7.560%
1st payment$1,541.53$1,541.53$4,111.28
2nd payment$0.00$1,770.49$0.00
Taxes / mo$146.00$146.00$146.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$60.00$60.00$60.00
Total monthly$1,914.20$3,684.68$4,603.65
Cash to close$340,640$66,500$66,500