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$301,521$301,521$611,910
Remaining term (yrs)20.020.030.0
Secondary amount$0$310,389$0
Funding fee$1,508$1,508$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.350%7.640%
1st payment$1,644.06$1,644.06$4,236.74
2nd payment$0.00$2,004.60$0.00
Taxes / mo$435.58$435.58$435.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,246.31$4,250.91$4,961.37
Cash to close$378,379$67,990$67,990