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$353,406$353,406$598,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$245,094$0
Funding fee$1,767$1,767$0
Note rate3.600%3.600%7.320%
Blended rate3.600%5.299%7.560%
1st payment$1,858.96$1,858.96$4,111.28
2nd payment$0.00$1,582.90$0.00
Taxes / mo$15.67$15.67$15.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$70.00$70.00$70.00
Total monthly$2,111.30$3,694.19$4,483.31
Cash to close$311,594$66,500$66,500