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$312,251$312,251$809,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$496,849$0
Funding fee$1,561$1,561$0
Note rate3.070%3.070%7.240%
Blended rate3.070%5.944%7.480%
1st payment$1,482.30$1,482.30$5,514.00
2nd payment$0.00$3,208.82$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,448.13$5,656.95$6,641.65
Cash to close$586,749$89,900$89,900