Dan Frey Home Loans
Call Dan

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$308,081$308,081$585,000
Remaining term (yrs)17.617.630.0
Secondary amount$0$276,919$0
Funding fee$1,540$1,540$0
Note rate3.720%3.720%7.320%
Blended rate3.720%5.628%7.560%
1st payment$1,978.25$1,978.25$4,018.54
2nd payment$0.00$1,788.44$0.00
Taxes / mo$217.86$217.86$217.86
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$9.00$9.00$9.00
Total monthly$2,371.77$4,160.21$4,529.07
Cash to close$341,919$65,000$65,000