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$311,457$311,457$584,505
Remaining term (yrs)24.024.030.0
Secondary amount$0$273,048$0
Funding fee$1,557$1,557$0
Note rate2.480%2.480%7.320%
Blended rate2.480%4.942%7.560%
1st payment$1,428.86$1,428.86$4,015.14
2nd payment$0.00$1,763.44$0.00
Taxes / mo$265.83$265.83$265.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.90
HOA / mo$22.00$22.00$22.00
Total monthly$1,883.36$3,646.80$4,586.54
Cash to close$337,993$64,945$64,945