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$306,674$306,674$737,100
Remaining term (yrs)19.719.730.0
Secondary amount$0$430,426$0
Funding fee$1,533$1,533$0
Note rate1.390%1.390%7.320%
Blended rate1.390%5.104%7.560%
1st payment$1,475.05$1,475.05$5,063.37
2nd payment$0.00$2,779.84$0.00
Taxes / mo$443.08$443.08$443.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$147.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,134.80$4,914.64$5,870.54
Cash to close$512,326$81,900$81,900