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$345,350$345,350$603,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$257,650$0
Funding fee$1,727$1,727$0
Note rate3.070%3.070%7.320%
Blended rate3.070%5.070%7.560%
1st payment$1,696.12$1,696.12$4,142.19
2nd payment$0.00$1,663.99$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.60
HOA / mo$50.00$50.00$50.00
Total monthly$2,471.12$4,135.11$5,037.79
Cash to close$324,650$67,000$67,000