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$391,441$391,441$827,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$436,469$0
Funding fee$1,957$1,957$0
Note rate3.060%3.060%7.400%
Blended rate3.060%5.533%7.640%
1st payment$1,881.07$1,881.07$5,732.28
2nd payment$0.00$2,818.87$0.00
Taxes / mo$427.00$427.00$427.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$165.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,524.74$5,343.61$6,541.53
Cash to close$528,459$91,990$91,990