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$286,409$286,409$540,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$253,591$0
Funding fee$1,432$1,432$0
Note rate2.930%2.930%7.400%
Blended rate2.930%5.194%7.640%
1st payment$1,350.84$1,350.84$3,738.85
2nd payment$0.00$1,637.78$0.00
Taxes / mo$265.92$265.92$265.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$1.58$1.58$1.58
Total monthly$1,785.00$3,422.78$4,281.01
Cash to close$313,591$60,000$60,000