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$319,664$319,664$585,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$265,336$0
Funding fee$1,598$1,598$0
Note rate3.100%3.100%7.400%
Blended rate3.100%5.209%7.640%
1st payment$1,519.21$1,519.21$4,050.42
2nd payment$0.00$1,713.63$0.00
Taxes / mo$369.50$369.50$369.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,055.38$3,769.01$4,703.59
Cash to close$330,336$65,000$65,000