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$288,740$288,740$607,500
Remaining term (yrs)21.821.830.0
Secondary amount$0$318,760$0
Funding fee$1,444$1,444$0
Note rate4.620%4.620%7.400%
Blended rate4.620%6.262%7.640%
1st payment$1,747.87$1,747.87$4,206.21
2nd payment$0.00$2,058.66$0.00
Taxes / mo$97.33$97.33$97.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,011.87$4,070.53$4,591.71
Cash to close$386,260$67,500$67,500