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$278,001$278,001$585,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$306,999$0
Funding fee$1,390$1,390$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.483%7.640%
1st payment$1,352.41$1,352.41$4,050.42
2nd payment$0.00$1,982.70$0.00
Taxes / mo$262.83$262.83$262.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$105.00$105.00$105.00
Total monthly$1,886.91$3,869.62$4,701.92
Cash to close$371,999$65,000$65,000