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$336,703$336,703$625,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$288,797$0
Funding fee$1,684$1,684$0
Note rate3.100%3.100%7.320%
Blended rate3.100%5.247%7.560%
1st payment$1,600.19$1,600.19$4,296.75
2nd payment$0.00$1,865.14$0.00
Taxes / mo$467.92$467.92$467.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$52.00$52.00$52.00
Total monthly$2,286.78$4,151.92$5,108.43
Cash to close$358,297$69,500$69,500