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$392,520$392,520$651,600
Remaining term (yrs)23.823.830.0
Secondary amount$0$259,080$0
Funding fee$1,963$1,963$0
Note rate3.130%3.130%7.400%
Blended rate3.130%4.967%7.640%
1st payment$1,944.56$1,944.56$4,511.55
2nd payment$0.00$1,673.22$0.00
Taxes / mo$33.33$33.33$33.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.32
HOA / mo$161.33$161.33$161.33
Total monthly$2,355.89$4,029.11$5,053.20
Cash to close$331,480$72,400$72,400