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$390,764$390,764$593,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$202,336$0
Funding fee$1,954$1,954$0
Note rate3.230%3.230%7.320%
Blended rate3.230%4.772%7.560%
1st payment$1,965.35$1,965.35$4,074.19
2nd payment$0.00$1,306.75$0.00
Taxes / mo$685.92$685.92$685.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,817.94$4,124.69$5,045.39
Cash to close$268,236$65,900$65,900