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$345,039$345,039$575,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$230,871$0
Funding fee$1,725$1,725$0
Note rate6.320%6.320%7.400%
Blended rate6.320%6.893%7.640%
1st payment$2,233.00$2,233.00$3,987.48
2nd payment$0.00$1,491.04$0.00
Taxes / mo$140.75$140.75$140.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,540.41$4,031.46$4,410.08
Cash to close$294,861$63,990$63,990