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$300,945$300,945$575,910
Remaining term (yrs)13.413.430.0
Secondary amount$0$274,965$0
Funding fee$1,505$1,505$0
Note rate3.070%3.070%7.400%
Blended rate3.070%5.304%7.640%
1st payment$2,271.50$2,271.50$3,987.48
2nd payment$0.00$1,775.82$0.00
Taxes / mo$533.25$533.25$533.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,971.42$4,747.23$4,802.58
Cash to close$338,955$63,990$63,990