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$351,901$351,901$495,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$143,099$0
Funding fee$1,760$1,760$0
Note rate4.200%4.200%7.320%
Blended rate4.200%5.299%7.560%
1st payment$2,003.54$2,003.54$3,400.31
2nd payment$0.00$953.99$0.00
Taxes / mo$358.00$358.00$358.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,528.21$3,482.20$4,023.97
Cash to close$198,099$55,000$55,000