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$278,920$278,920$990,000
Remaining term (yrs)4.74.730.0
Secondary amount$0$711,080$0
Funding fee$1,395$1,395$0
Note rate2.280%2.280%7.320%
Blended rate2.280%6.209%7.560%
1st payment$5,083.37$5,083.37$6,800.61
2nd payment$0.00$4,592.39$0.00
Taxes / mo$828.11$828.11$828.11
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$266.67$266.67$266.67
Total monthly$6,394.82$10,987.21$8,310.06
Cash to close$821,080$110,000$110,000