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$313,251$313,251$652,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$339,249$0
Funding fee$1,566$1,566$0
Note rate3.640%3.640%7.400%
Blended rate3.640%5.777%7.640%
1st payment$1,654.42$1,654.42$4,517.78
2nd payment$0.00$2,190.99$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$796.00$796.00$796.00
Total monthly$3,271.25$5,462.24$6,265.11
Cash to close$411,749$72,500$72,500