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$367,342$367,342$607,500
Remaining term (yrs)21.421.430.0
Secondary amount$0$240,158$0
Funding fee$1,837$1,837$0
Note rate4.330%4.330%7.400%
Blended rate4.330%5.682%7.640%
1st payment$2,185.19$2,185.19$4,206.21
2nd payment$0.00$1,551.02$0.00
Taxes / mo$551.25$551.25$551.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,903.11$4,454.13$5,045.62
Cash to close$307,658$67,500$67,500