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$117,943$117,943$517,410
Remaining term (yrs)6.26.230.0
Secondary amount$0$399,467$0
Funding fee$590$590$0
Note rate3.320%3.320%7.400%
Blended rate3.320%6.740%7.640%
1st payment$1,722.89$1,722.89$3,582.44
2nd payment$0.00$2,579.89$0.00
Taxes / mo$479.08$479.08$479.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,368.64$4,948.53$4,331.67
Cash to close$456,957$57,490$57,490