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$324,864$324,864$585,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$260,136$0
Funding fee$1,624$1,624$0
Note rate3.620%3.620%7.400%
Blended rate3.620%5.457%7.640%
1st payment$1,731.93$1,731.93$4,050.42
2nd payment$0.00$1,680.05$0.00
Taxes / mo$546.48$546.48$546.48
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$120.00$120.00$120.00
Total monthly$2,565.07$4,245.11$5,000.56
Cash to close$325,136$65,000$65,000