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$106,920$106,920$540,000
Remaining term (yrs)7.27.230.0
Secondary amount$0$433,080$0
Funding fee$535$535$0
Note rate4.800%4.800%7.400%
Blended rate4.800%7.166%7.640%
1st payment$1,443.77$1,443.77$3,738.85
2nd payment$0.00$2,796.97$0.00
Taxes / mo$291.58$291.58$291.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$10.00$10.00$10.00
Total monthly$1,912.02$4,708.99$4,315.10
Cash to close$493,080$60,000$60,000