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$310,161$310,161$562,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$252,339$0
Funding fee$1,551$1,551$0
Note rate6.320%6.320%7.400%
Blended rate6.320%6.962%7.640%
1st payment$2,009.70$2,009.70$3,894.64
2nd payment$0.00$1,629.69$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$29.67$29.67$29.67
Total monthly$2,726.87$4,356.56$4,724.31
Cash to close$314,839$62,500$62,500