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$308,896$308,896$881,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$573,014$0
Funding fee$1,544$1,544$0
Note rate3.560%3.560%7.400%
Blended rate3.560%6.282%7.640%
1st payment$1,633.17$1,633.17$6,106.17
2nd payment$0.00$3,700.72$0.00
Taxes / mo$239.33$239.33$239.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$176.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,089.17$5,789.88$6,738.55
Cash to close$671,004$97,990$97,990