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$263,054$263,054$594,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$330,946$0
Funding fee$1,315$1,315$0
Note rate3.290%3.290%7.400%
Blended rate3.290%5.775%7.640%
1st payment$1,340.65$1,340.65$4,112.74
2nd payment$0.00$2,137.36$0.00
Taxes / mo$4.77$4.77$4.77
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.80
HOA / mo$25.00$25.00$25.00
Total monthly$1,537.08$3,674.44$4,427.97
Cash to close$396,946$66,000$66,000