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$301,290$301,290$584,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$283,620$0
Funding fee$1,506$1,506$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.216%7.640%
1st payment$1,432.13$1,432.13$4,049.80
2nd payment$0.00$1,831.71$0.00
Taxes / mo$541.58$541.58$541.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$36.00$36.00$36.00
Total monthly$2,176.38$4,008.09$4,911.03
Cash to close$348,610$64,990$64,990