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$345,407$345,407$517,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$172,093$0
Funding fee$1,727$1,727$0
Note rate3.130%3.130%7.400%
Blended rate3.130%4.750%7.640%
1st payment$1,711.16$1,711.16$3,583.07
2nd payment$0.00$1,147.28$0.00
Taxes / mo$511.50$511.50$511.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$18.33$18.33$18.33
Total monthly$2,407.66$3,554.94$4,383.06
Cash to close$229,593$57,500$57,500