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$318,745$318,745$540,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$221,255$0
Funding fee$1,594$1,594$0
Note rate2.880%2.880%7.320%
Blended rate2.880%4.875%7.560%
1st payment$1,471.74$1,471.74$3,709.43
2nd payment$0.00$1,428.94$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,138.41$3,567.35$4,484.09
Cash to close$281,255$60,000$60,000