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$308,306$308,306$656,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$348,604$0
Funding fee$1,542$1,542$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.521%7.640%
1st payment$1,488.96$1,488.96$4,548.31
2nd payment$0.00$2,251.40$0.00
Taxes / mo$553.33$553.33$553.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,258.96$4,510.37$5,449.69
Cash to close$421,594$72,990$72,990