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$281,005$281,005$584,100
Remaining term (yrs)19.419.430.0
Secondary amount$0$303,095$0
Funding fee$1,405$1,405$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.373%7.640%
1st payment$1,556.16$1,556.16$4,044.19
2nd payment$0.00$1,957.49$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.82
HOA / mo$195.00$195.00$195.00
Total monthly$2,458.66$4,416.15$5,063.51
Cash to close$367,995$64,900$64,900