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$312,078$312,078$477,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$164,922$0
Funding fee$1,560$1,560$0
Note rate2.960%2.960%7.320%
Blended rate2.960%4.703%7.560%
1st payment$1,476.75$1,476.75$3,276.66
2nd payment$0.00$1,099.48$0.00
Taxes / mo$441.67$441.67$441.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,085.09$3,184.57$3,980.39
Cash to close$217,922$53,000$53,000