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$284,886$284,886$629,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$345,024$0
Funding fee$1,424$1,424$0
Note rate6.330%6.330%7.400%
Blended rate6.330%7.108%7.640%
1st payment$1,849.97$1,849.97$4,361.37
2nd payment$0.00$2,228.28$0.00
Taxes / mo$202.83$202.83$202.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$286.00$286.00$286.00
Total monthly$2,505.47$4,733.75$5,142.85
Cash to close$415,014$69,990$69,990