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$353,894$353,894$539,100
Remaining term (yrs)23.223.230.0
Secondary amount$0$185,206$0
Funding fee$1,769$1,769$0
Note rate3.700%3.700%7.400%
Blended rate3.700%5.177%7.640%
1st payment$1,888.87$1,888.87$3,732.62
2nd payment$0.00$1,234.71$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$75.00$75.00$75.00
Total monthly$2,629.70$3,864.41$4,581.27
Cash to close$245,106$59,900$59,900