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$316,252$316,252$566,100
Remaining term (yrs)13.313.330.0
Secondary amount$0$249,848$0
Funding fee$1,581$1,581$0
Note rate6.140%6.140%7.320%
Blended rate6.140%6.851%7.560%
1st payment$2,887.97$2,887.97$3,888.71
2nd payment$0.00$1,613.60$0.00
Taxes / mo$457.08$457.08$457.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,511.72$5,125.32$4,625.68
Cash to close$312,748$62,900$62,900