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$320,570$320,570$792,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$471,430$0
Funding fee$1,603$1,603$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.734%7.640%
1st payment$1,475.30$1,475.30$5,483.65
2nd payment$0.00$3,044.65$0.00
Taxes / mo$733.33$733.33$733.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.40
HOA / mo$225.00$225.00$225.00
Total monthly$2,650.30$5,694.95$6,817.05
Cash to close$559,430$88,000$88,000