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$315,542$315,542$478,058
Remaining term (yrs)20.220.230.0
Secondary amount$0$162,516$0
Funding fee$1,578$1,578$0
Note rate3.540%3.540%7.400%
Blended rate3.540%5.056%7.640%
1st payment$1,815.81$1,815.81$3,309.97
2nd payment$0.00$1,083.44$0.00
Taxes / mo$423.00$423.00$423.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.61
HOA / mo$527.67$527.67$527.67
Total monthly$2,933.15$4,016.59$4,522.92
Cash to close$215,633$53,118$53,118