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$380,961$380,961$585,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$204,039$0
Funding fee$1,905$1,905$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.579%7.640%
1st payment$1,774.81$1,774.81$4,050.42
2nd payment$0.00$1,317.75$0.00
Taxes / mo$266.17$266.17$266.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,207.64$3,525.39$4,600.26
Cash to close$269,039$65,000$65,000