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$355,653$355,653$773,100
Remaining term (yrs)19.919.930.0
Secondary amount$0$417,447$0
Funding fee$1,778$1,778$0
Note rate3.430%3.430%7.400%
Blended rate3.430%5.763%7.640%
1st payment$2,043.95$2,043.95$5,352.79
2nd payment$0.00$2,696.01$0.00
Taxes / mo$715.83$715.83$715.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$154.62
HOA / mo$2,047.00$2,047.00$2,047.00
Total monthly$5,023.45$7,719.46$8,486.91
Cash to close$503,347$85,900$85,900