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$396,260$396,260$607,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$211,240$0
Funding fee$1,981$1,981$0
Note rate3.450%3.450%7.320%
Blended rate3.450%4.945%7.560%
1st payment$2,043.47$2,043.47$4,173.10
2nd payment$0.00$1,364.26$0.00
Taxes / mo$690.17$690.17$690.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$760.00$760.00$760.00
Total monthly$3,660.30$5,024.56$5,911.44
Cash to close$278,740$67,500$67,500