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$397,360$397,360$598,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$201,140$0
Funding fee$1,987$1,987$0
Note rate3.020%3.020%7.320%
Blended rate3.020%4.610%7.560%
1st payment$1,941.28$1,941.28$4,111.28
2nd payment$0.00$1,299.03$0.00
Taxes / mo$603.08$603.08$603.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$84.00$84.00$84.00
Total monthly$2,795.02$4,094.05$5,084.73
Cash to close$267,640$66,500$66,500