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$316,908$316,908$526,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$209,592$0
Funding fee$1,585$1,585$0
Note rate3.010%3.010%7.400%
Blended rate3.010%4.897%7.640%
1st payment$1,546.59$1,546.59$3,645.38
2nd payment$0.00$1,353.61$0.00
Taxes / mo$286.92$286.92$286.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$7.08$7.08$7.08
Total monthly$2,007.26$3,360.87$4,211.34
Cash to close$268,092$58,500$58,500