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$340,824$340,824$553,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$212,676$0
Funding fee$1,704$1,704$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.702%7.640%
1st payment$1,614.82$1,614.82$3,832.32
2nd payment$0.00$1,373.53$0.00
Taxes / mo$214.58$214.58$214.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,996.07$3,369.60$4,324.27
Cash to close$274,176$61,500$61,500