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$358,701$358,701$557,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$198,399$0
Funding fee$1,794$1,794$0
Note rate3.490%3.490%7.400%
Blended rate3.490%5.096%7.640%
1st payment$1,861.61$1,861.61$3,857.25
2nd payment$0.00$1,322.66$0.00
Taxes / mo$515.83$515.83$515.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.42
HOA / mo$351.00$351.00$351.00
Total monthly$2,895.11$4,217.77$5,002.17
Cash to close$260,299$61,900$61,900