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$316,731$316,731$585,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$268,269$0
Funding fee$1,584$1,584$0
Note rate4.200%4.200%7.400%
Blended rate4.200%5.828%7.640%
1st payment$1,803.30$1,803.30$4,050.42
2nd payment$0.00$1,732.57$0.00
Taxes / mo$192.75$192.75$192.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$30.00$30.00$30.00
Total monthly$2,192.72$3,925.29$4,556.84
Cash to close$333,269$65,000$65,000