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$290,910$290,910$543,195
Remaining term (yrs)23.423.430.0
Secondary amount$0$252,285$0
Funding fee$1,455$1,455$0
Note rate3.600%3.600%7.400%
Blended rate3.600%5.527%7.640%
1st payment$1,530.22$1,530.22$3,760.97
2nd payment$0.00$1,629.34$0.00
Taxes / mo$177.92$177.92$177.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,874.81$3,504.15$4,214.19
Cash to close$312,640$60,355$60,355