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$368,412$368,412$562,410
Remaining term (yrs)22.822.830.0
Secondary amount$0$193,998$0
Funding fee$1,842$1,842$0
Note rate3.730%3.730%7.400%
Blended rate3.730%5.203%7.640%
1st payment$1,994.81$1,994.81$3,894.01
2nd payment$0.00$1,293.32$0.00
Taxes / mo$412.00$412.00$412.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,573.47$3,866.79$4,585.16
Cash to close$256,488$62,490$62,490