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$308,575$308,575$656,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$347,525$0
Funding fee$1,543$1,543$0
Note rate2.780%2.780%7.400%
Blended rate2.780%5.413%7.640%
1st payment$1,458.87$1,458.87$4,542.70
2nd payment$0.00$2,244.43$0.00
Taxes / mo$607.50$607.50$607.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,283.04$4,527.47$5,498.09
Cash to close$420,425$72,900$72,900