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$321,405$321,405$503,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$182,505$0
Funding fee$1,607$1,607$0
Note rate3.650%3.650%7.400%
Blended rate3.650%5.225%7.640%
1st payment$1,699.20$1,699.20$3,488.97
2nd payment$0.00$1,216.70$0.00
Taxes / mo$436.08$436.08$436.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.78
HOA / mo$50.00$50.00$50.00
Total monthly$2,351.95$3,568.65$4,242.50
Cash to close$238,495$55,990$55,990