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$295,263$295,263$706,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$411,237$0
Funding fee$1,476$1,476$0
Note rate3.070%3.070%7.320%
Blended rate3.070%5.794%7.560%
1st payment$1,401.66$1,401.66$4,853.16
2nd payment$0.00$2,655.91$0.00
Taxes / mo$316.48$316.48$316.48
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$141.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,934.80$4,590.70$5,527.61
Cash to close$489,737$78,500$78,500