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$319,902$319,902$598,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$278,598$0
Funding fee$1,600$1,600$0
Note rate2.710%2.710%7.400%
Blended rate2.710%5.056%7.640%
1st payment$1,497.38$1,497.38$4,143.89
2nd payment$0.00$1,799.28$0.00
Taxes / mo$554.17$554.17$554.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$22.00$22.00$22.00
Total monthly$2,240.22$4,039.50$5,006.43
Cash to close$345,098$66,500$66,500