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$374,499$374,499$557,010
Remaining term (yrs)23.823.830.0
Secondary amount$0$182,511$0
Funding fee$1,872$1,872$0
Note rate3.130%3.130%7.400%
Blended rate3.130%4.726%7.640%
1st payment$1,855.28$1,855.28$3,856.62
2nd payment$0.00$1,216.74$0.00
Taxes / mo$345.33$345.33$345.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.40
HOA / mo$477.00$477.00$477.00
Total monthly$2,844.28$4,061.02$4,957.03
Cash to close$244,401$61,890$61,890