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$346,478$346,478$540,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$193,522$0
Funding fee$1,732$1,732$0
Note rate6.580%6.580%7.320%
Blended rate6.580%7.089%7.560%
1st payment$2,230.68$2,230.68$3,709.43
2nd payment$0.00$1,290.15$0.00
Taxes / mo$994.50$994.50$994.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$16.00$16.00$16.00
Total monthly$3,407.85$4,698.00$4,994.59
Cash to close$253,522$60,000$60,000