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$349,413$349,413$628,200
Remaining term (yrs)22.722.730.0
Secondary amount$0$278,787$0
Funding fee$1,747$1,747$0
Note rate3.600%3.600%7.400%
Blended rate3.600%5.442%7.640%
1st payment$1,872.17$1,872.17$4,349.53
2nd payment$0.00$1,800.50$0.00
Taxes / mo$409.67$409.67$409.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.64
HOA / mo$8.33$8.33$8.33
Total monthly$2,456.83$4,257.33$5,059.83
Cash to close$348,587$69,800$69,800