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$316,470$316,470$539,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$222,630$0
Funding fee$1,582$1,582$0
Note rate2.930%2.930%7.320%
Blended rate2.930%4.921%7.560%
1st payment$1,524.13$1,524.13$3,703.24
2nd payment$0.00$1,437.82$0.00
Taxes / mo$588.67$588.67$588.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$22.92$22.92$22.92
Total monthly$2,302.38$3,740.20$4,589.32
Cash to close$282,530$59,900$59,900