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$310,260$310,260$463,410
Remaining term (yrs)23.523.530.0
Secondary amount$0$153,150$0
Funding fee$1,551$1,551$0
Note rate3.330%3.330%7.400%
Blended rate3.330%4.873%7.640%
1st payment$1,580.36$1,580.36$3,208.56
2nd payment$0.00$1,021.00$0.00
Taxes / mo$253.42$253.42$253.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,000.44$3,021.44$3,721.32
Cash to close$204,640$51,490$51,490