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$380,498$380,498$579,600
Remaining term (yrs)29.029.030.0
Secondary amount$0$199,102$0
Funding fee$1,902$1,902$0
Note rate6.170%6.170%7.400%
Blended rate6.170%6.799%7.640%
1st payment$2,346.17$2,346.17$4,013.03
2nd payment$0.00$1,327.34$0.00
Taxes / mo$704.50$704.50$704.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.92
HOA / mo$182.00$182.00$182.00
Total monthly$3,399.34$4,726.68$5,182.12
Cash to close$263,502$64,400$64,400