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$279,580$279,580$629,100
Remaining term (yrs)21.621.630.0
Secondary amount$0$349,520$0
Funding fee$1,398$1,398$0
Note rate2.980%2.980%7.320%
Blended rate2.980%5.630%7.560%
1st payment$1,456.86$1,456.86$4,321.48
2nd payment$0.00$2,257.32$0.00
Taxes / mo$316.83$316.83$316.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,940.36$4,197.67$4,930.80
Cash to close$419,420$69,900$69,900