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$344,631$344,631$495,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$150,369$0
Funding fee$1,723$1,723$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.477%7.640%
1st payment$1,630.93$1,630.93$3,427.28
2nd payment$0.00$1,002.46$0.00
Taxes / mo$689.67$689.67$689.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$62.00$62.00$62.00
Total monthly$2,549.26$3,551.72$4,444.61
Cash to close$205,369$55,000$55,000