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$340,108$340,108$513,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$172,892$0
Funding fee$1,701$1,701$0
Note rate4.420%4.420%7.400%
Blended rate4.420%5.627%7.640%
1st payment$1,848.41$1,848.41$3,551.91
2nd payment$0.00$1,152.62$0.00
Taxes / mo$225.42$225.42$225.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$3.08$3.08$3.08
Total monthly$2,243.57$3,396.18$4,049.67
Cash to close$229,892$57,000$57,000