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$262,777$262,777$674,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$412,133$0
Funding fee$1,314$1,314$0
Note rate3.200%3.200%7.400%
Blended rate3.200%5.978%7.640%
1st payment$1,317.52$1,317.52$4,672.94
2nd payment$0.00$2,661.69$0.00
Taxes / mo$261.42$261.42$261.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.98
HOA / mo$350.00$350.00$350.00
Total monthly$2,145.61$4,807.30$5,636.01
Cash to close$487,123$74,990$74,990