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$370,729$370,729$871,200
Remaining term (yrs)20.120.130.0
Secondary amount$0$500,471$0
Funding fee$1,854$1,854$0
Note rate3.520%3.520%7.400%
Blended rate3.520%5.950%7.640%
1st payment$2,135.57$2,135.57$6,032.01
2nd payment$0.00$3,232.21$0.00
Taxes / mo$806.67$806.67$806.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$174.24
HOA / mo$0.00$0.00$0.00
Total monthly$3,158.90$6,391.11$7,229.59
Cash to close$597,271$96,800$96,800