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$359,751$359,751$913,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$553,749$0
Funding fee$1,799$1,799$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.435%7.640%
1st payment$2,603.29$2,603.29$6,324.89
2nd payment$0.00$3,576.30$0.00
Taxes / mo$568.83$568.83$568.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$182.70
HOA / mo$12.50$12.50$12.50
Total monthly$3,401.29$6,977.59$7,305.59
Cash to close$655,249$101,500$101,500