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$331,115$331,115$697,499
Remaining term (yrs)22.922.930.0
Secondary amount$0$366,385$0
Funding fee$1,656$1,656$0
Note rate3.700%3.700%7.400%
Blended rate3.700%5.827%7.640%
1st payment$1,779.36$1,779.36$4,829.34
2nd payment$0.00$2,366.23$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$12.50$12.50$12.50
Total monthly$2,654.36$5,020.59$5,843.84
Cash to close$443,884$77,500$77,500