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$319,830$319,830$607,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$287,670$0
Funding fee$1,599$1,599$0
Note rate4.520%4.520%7.400%
Blended rate4.520%6.050%7.640%
1st payment$1,865.68$1,865.68$4,206.21
2nd payment$0.00$1,857.87$0.00
Taxes / mo$551.42$551.42$551.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$48.00$48.00$48.00
Total monthly$2,631.76$4,489.63$5,093.79
Cash to close$355,170$67,500$67,500