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$377,305$377,305$629,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$251,795$0
Funding fee$1,887$1,887$0
Note rate3.500%3.500%7.320%
Blended rate3.500%5.201%7.560%
1st payment$1,951.30$1,951.30$4,321.48
2nd payment$0.00$1,626.18$0.00
Taxes / mo$498.75$498.75$498.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$37.50$37.50$37.50
Total monthly$2,654.22$4,280.40$5,150.22
Cash to close$321,695$69,900$69,900