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$290,370$290,370$566,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$276,540$0
Funding fee$1,452$1,452$0
Note rate6.620%6.620%7.400%
Blended rate6.620%7.171%7.640%
1st payment$1,887.94$1,887.94$3,925.17
2nd payment$0.00$1,785.99$0.00
Taxes / mo$108.50$108.50$108.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,163.11$3,949.10$4,313.72
Cash to close$339,530$62,990$62,990