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$321,300$321,300$400,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$79,200$0
Funding fee$1,607$1,607$0
Note rate2.250%2.250%7.320%
Blended rate2.250%3.585%7.560%
1st payment$1,387.55$1,387.55$2,751.16
2nd payment$0.00$594.00$0.00
Taxes / mo$337.83$337.83$337.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$35.00$35.00$35.00
Total monthly$1,910.39$2,504.39$3,354.09
Cash to close$123,700$44,500$44,500