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$345,230$345,230$990,000
Remaining term (yrs)14.914.930.0
Secondary amount$0$644,770$0
Funding fee$1,726$1,726$0
Note rate4.220%4.220%7.400%
Blended rate4.220%6.519%7.640%
1st payment$2,591.85$2,591.85$6,854.56
2nd payment$0.00$4,164.14$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,725.19$7,889.33$8,185.89
Cash to close$754,770$110,000$110,000