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$342,166$342,166$591,210
Remaining term (yrs)23.923.930.0
Secondary amount$0$249,044$0
Funding fee$1,711$1,711$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.012%7.640%
1st payment$1,667.69$1,667.69$4,093.42
2nd payment$0.00$1,608.41$0.00
Taxes / mo$137.00$137.00$137.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.24
HOA / mo$400.00$400.00$400.00
Total monthly$2,371.36$3,979.76$4,915.33
Cash to close$314,734$65,690$65,690