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$301,761$301,761$616,500
Remaining term (yrs)21.121.130.0
Secondary amount$0$314,739$0
Funding fee$1,509$1,509$0
Note rate3.940%3.940%7.320%
Blended rate3.940%5.885%7.560%
1st payment$1,748.93$1,748.93$4,234.93
2nd payment$0.00$2,032.69$0.00
Taxes / mo$313.17$313.17$313.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.30
HOA / mo$2.50$2.50$2.50
Total monthly$2,231.27$4,263.96$4,840.56
Cash to close$383,239$68,500$68,500