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$312,050$312,050$571,500
Remaining term (yrs)20.520.530.0
Secondary amount$0$259,450$0
Funding fee$1,560$1,560$0
Note rate4.230%4.230%7.320%
Blended rate4.230%5.828%7.560%
1st payment$1,889.46$1,889.46$3,925.81
2nd payment$0.00$1,675.62$0.00
Taxes / mo$273.92$273.92$273.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$20.00$20.00$20.00
Total monthly$2,350.05$4,025.66$4,500.69
Cash to close$322,950$63,500$63,500