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$351,952$351,952$575,999
Remaining term (yrs)19.819.830.0
Secondary amount$0$224,047$0
Funding fee$1,760$1,760$0
Note rate2.200%2.200%7.320%
Blended rate2.200%4.359%7.560%
1st payment$1,813.99$1,813.99$3,956.71
2nd payment$0.00$1,446.97$0.00
Taxes / mo$208.67$208.67$208.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.20
HOA / mo$70.00$70.00$70.00
Total monthly$2,259.33$3,706.30$4,517.25
Cash to close$288,047$64,000$64,000