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$385,612$385,612$620,100
Remaining term (yrs)22.222.230.0
Secondary amount$0$234,488$0
Funding fee$1,928$1,928$0
Note rate4.510%4.510%7.400%
Blended rate4.510%5.735%7.640%
1st payment$2,285.60$2,285.60$4,293.45
2nd payment$0.00$1,514.40$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.02
HOA / mo$425.00$425.00$425.00
Total monthly$3,451.43$4,965.84$5,583.30
Cash to close$303,388$68,900$68,900