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$272,273$272,273$837,000
Remaining term (yrs)16.416.430.0
Secondary amount$0$564,727$0
Funding fee$1,361$1,361$0
Note rate3.400%3.400%7.400%
Blended rate3.400%6.335%7.640%
1st payment$1,798.61$1,798.61$5,795.22
2nd payment$0.00$3,647.19$0.00
Taxes / mo$419.83$419.83$419.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$167.40
HOA / mo$5.00$5.00$5.00
Total monthly$2,440.11$6,087.31$6,604.12
Cash to close$657,727$93,000$93,000