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$352,925$352,925$522,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$169,075$0
Funding fee$1,765$1,765$0
Note rate6.300%6.300%7.400%
Blended rate6.300%6.851%7.640%
1st payment$2,203.54$2,203.54$3,614.22
2nd payment$0.00$1,127.17$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.40
HOA / mo$380.00$380.00$380.00
Total monthly$3,233.54$4,360.71$4,748.62
Cash to close$227,075$58,000$58,000