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$306,233$306,233$638,910
Remaining term (yrs)18.918.930.0
Secondary amount$0$332,677$0
Funding fee$1,531$1,531$0
Note rate1.750%1.750%7.400%
Blended rate1.750%4.874%7.640%
1st payment$1,573.93$1,573.93$4,423.68
2nd payment$0.00$2,148.54$0.00
Taxes / mo$591.58$591.58$591.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$127.78
HOA / mo$36.00$36.00$36.00
Total monthly$2,418.18$4,566.72$5,395.72
Cash to close$403,667$70,990$70,990