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$346,020$346,020$630,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$283,980$0
Funding fee$1,730$1,730$0
Note rate3.300%3.300%7.320%
Blended rate3.300%5.306%7.560%
1st payment$1,757.06$1,757.06$4,327.66
2nd payment$0.00$1,834.04$0.00
Taxes / mo$536.58$536.58$536.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$55.67$55.67$55.67
Total monthly$2,515.98$4,350.02$5,212.58
Cash to close$353,980$70,000$70,000