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$311,470$311,470$630,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$318,530$0
Funding fee$1,557$1,557$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.308%7.640%
1st payment$1,463.35$1,463.35$4,361.99
2nd payment$0.00$2,057.17$0.00
Taxes / mo$286.50$286.50$286.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$13.33$13.33$13.33
Total monthly$1,929.85$3,987.02$4,954.49
Cash to close$388,530$70,000$70,000