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$275,080$275,080$593,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$318,020$0
Funding fee$1,375$1,375$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.547%7.640%
1st payment$1,310.35$1,310.35$4,106.50
2nd payment$0.00$2,053.88$0.00
Taxes / mo$88.25$88.25$88.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,565.26$3,619.14$4,480.04
Cash to close$383,920$65,900$65,900