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$322,296$322,296$598,496
Remaining term (yrs)23.323.330.0
Secondary amount$0$276,200$0
Funding fee$1,611$1,611$0
Note rate3.640%3.640%7.400%
Blended rate3.640%5.537%7.640%
1st payment$1,706.03$1,706.03$4,143.86
2nd payment$0.00$1,783.79$0.00
Taxes / mo$196.33$196.33$196.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,069.03$3,852.82$4,626.56
Cash to close$342,699$66,500$66,500