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$289,343$289,343$513,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$223,657$0
Funding fee$1,447$1,447$0
Note rate3.820%3.820%7.400%
Blended rate3.820%5.533%7.640%
1st payment$1,577.03$1,577.03$3,551.91
2nd payment$0.00$1,444.45$0.00
Taxes / mo$183.17$183.17$183.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,926.87$3,371.32$4,004.34
Cash to close$280,657$57,000$57,000