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$320,447$320,447$584,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$264,463$0
Funding fee$1,602$1,602$0
Note rate3.230%3.230%7.400%
Blended rate3.230%5.274%7.640%
1st payment$1,607.94$1,607.94$4,049.80
2nd payment$0.00$1,707.99$0.00
Taxes / mo$195.87$195.87$195.87
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$27.50$27.50$27.50
Total monthly$1,997.97$3,705.96$4,556.81
Cash to close$329,453$64,990$64,990