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$357,475$357,475$656,100
Remaining term (yrs)19.419.430.0
Secondary amount$0$298,625$0
Funding fee$1,787$1,787$0
Note rate6.110%6.110%7.320%
Blended rate6.110%6.856%7.560%
1st payment$2,617.78$2,617.78$4,506.95
2nd payment$0.00$1,928.62$0.00
Taxes / mo$607.50$607.50$607.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,441.95$5,370.57$5,462.34
Cash to close$371,525$72,900$72,900