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$381,927$381,927$576,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$194,073$0
Funding fee$1,910$1,910$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.751%7.640%
1st payment$1,886.13$1,886.13$3,988.11
2nd payment$0.00$1,293.82$0.00
Taxes / mo$513.17$513.17$513.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,565.96$3,859.78$4,783.14
Cash to close$258,073$64,000$64,000