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$345,728$345,728$701,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$356,182$0
Funding fee$1,729$1,729$0
Note rate2.710%2.710%7.400%
Blended rate2.710%5.268%7.640%
1st payment$1,614.37$1,614.37$4,859.88
2nd payment$0.00$2,300.34$0.00
Taxes / mo$375.83$375.83$375.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,206.87$4,507.21$5,592.77
Cash to close$434,172$77,990$77,990