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$296,631$296,631$540,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$243,369$0
Funding fee$1,483$1,483$0
Note rate2.650%2.650%7.320%
Blended rate2.650%4.948%7.560%
1st payment$1,376.08$1,376.08$3,709.43
2nd payment$0.00$1,571.75$0.00
Taxes / mo$73.92$73.92$73.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$110.00$110.00$110.00
Total monthly$1,726.66$3,298.42$4,168.01
Cash to close$303,369$60,000$60,000