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$317,392$317,392$493,999
Remaining term (yrs)24.624.630.0
Secondary amount$0$176,608$0
Funding fee$1,587$1,587$0
Note rate3.060%3.060%7.320%
Blended rate3.060%4.826%7.560%
1st payment$1,525.23$1,525.23$3,393.43
2nd payment$0.00$1,177.38$0.00
Taxes / mo$457.41$457.41$457.41
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,149.30$3,326.69$4,116.30
Cash to close$231,496$54,889$54,889