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$290,491$290,491$513,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$222,509$0
Funding fee$1,452$1,452$0
Note rate3.990%3.990%7.400%
Blended rate3.990%5.621%7.640%
1st payment$1,609.93$1,609.93$3,551.91
2nd payment$0.00$1,437.04$0.00
Taxes / mo$183.21$183.21$183.21
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,959.80$3,396.84$4,004.38
Cash to close$279,509$57,000$57,000