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$301,452$301,452$531,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$229,548$0
Funding fee$1,507$1,507$0
Note rate3.780%3.780%7.320%
Blended rate3.780%5.496%7.560%
1st payment$1,625.52$1,625.52$3,647.60
2nd payment$0.00$1,482.50$0.00
Taxes / mo$301.58$301.58$301.58
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$2,093.77$3,576.27$4,222.05
Cash to close$288,548$59,000$59,000