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$305,499$305,499$562,410
Remaining term (yrs)29.229.230.0
Secondary amount$0$256,911$0
Funding fee$1,527$1,527$0
Note rate6.350%6.350%7.320%
Blended rate6.350%6.990%7.560%
1st payment$1,915.45$1,915.45$3,863.37
2nd payment$0.00$1,659.22$0.00
Taxes / mo$75.67$75.67$75.67
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$2,157.79$3,817.00$4,218.18
Cash to close$319,401$62,490$62,490