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$315,851$315,851$841,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$525,649$0
Funding fee$1,579$1,579$0
Note rate3.030%3.030%7.320%
Blended rate3.030%5.978%7.560%
1st payment$1,548.36$1,548.36$5,780.52
2nd payment$0.00$3,394.82$0.00
Taxes / mo$200.08$200.08$200.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$168.30
HOA / mo$9.33$9.33$9.33
Total monthly$1,974.44$5,369.26$6,374.90
Cash to close$619,149$93,500$93,500