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$296,434$296,434$602,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$306,476$0
Funding fee$1,482$1,482$0
Note rate3.620%3.620%7.400%
Blended rate3.620%5.719%7.640%
1st payment$1,562.44$1,562.44$4,174.43
2nd payment$0.00$1,979.32$0.00
Taxes / mo$246.94$246.94$246.94
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,976.05$3,955.37$4,708.62
Cash to close$373,466$66,990$66,990