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$306,712$306,712$1,260,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$953,288$0
Funding fee$1,534$1,534$0
Note rate3.620%3.620%7.400%
Blended rate3.620%6.745%7.640%
1st payment$1,616.62$1,616.62$8,723.99
2nd payment$0.00$6,156.65$0.00
Taxes / mo$282.10$282.10$282.10
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$252.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,115.38$8,272.03$9,474.75
Cash to close$1,093,288$140,000$140,000