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$394,091$394,091$976,950
Remaining term (yrs)23.023.030.0
Secondary amount$0$582,859$0
Funding fee$1,970$1,970$0
Note rate3.640%3.640%7.400%
Blended rate3.640%6.092%7.640%
1st payment$2,100.35$2,100.35$6,764.20
2nd payment$0.00$3,764.30$0.00
Taxes / mo$904.58$904.58$904.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$195.39
HOA / mo$65.00$65.00$65.00
Total monthly$3,286.60$7,050.90$8,145.84
Cash to close$691,409$108,550$108,550