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$359,806$359,806$1,440,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$1,080,194$0
Funding fee$1,799$1,799$0
Note rate2.830%2.830%7.400%
Blended rate2.830%6.521%7.640%
1st payment$1,702.14$1,702.14$9,970.27
2nd payment$0.00$6,976.26$0.00
Taxes / mo$193.60$193.60$193.60
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$288.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,112.41$9,088.66$10,668.53
Cash to close$1,240,194$160,000$160,000