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$304,044$304,044$584,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$280,955$0
Funding fee$1,520$1,520$0
Note rate3.230%3.230%7.400%
Blended rate3.230%5.401%7.640%
1st payment$1,522.10$1,522.10$4,050.42
2nd payment$0.00$1,814.50$0.00
Taxes / mo$168.42$168.42$168.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,857.19$3,671.69$4,502.50
Cash to close$345,955$65,000$65,000