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$287,885$287,885$580,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$292,615$0
Funding fee$1,439$1,439$0
Note rate3.500%3.500%7.400%
Blended rate3.500%5.642%7.640%
1st payment$1,516.49$1,516.49$4,019.26
2nd payment$0.00$1,889.80$0.00
Taxes / mo$183.08$183.08$183.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,866.24$3,756.04$4,485.11
Cash to close$357,115$64,500$64,500