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$316,625$316,625$710,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$393,475$0
Funding fee$1,583$1,583$0
Note rate2.350%2.350%7.400%
Blended rate2.350%5.342%7.640%
1st payment$1,428.41$1,428.41$4,916.59
2nd payment$0.00$2,541.19$0.00
Taxes / mo$282.17$282.17$282.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$142.02
HOA / mo$105.00$105.00$105.00
Total monthly$2,032.25$4,573.44$5,662.44
Cash to close$472,375$78,900$78,900