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$365,022$365,022$603,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$237,978$0
Funding fee$1,825$1,825$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.814%7.640%
1st payment$1,752.33$1,752.33$4,175.05
2nd payment$0.00$1,536.94$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,477.33$4,014.27$5,020.65
Cash to close$304,978$67,000$67,000