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$314,052$314,052$584,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$270,947$0
Funding fee$1,570$1,570$0
Note rate2.870%2.870%7.320%
Blended rate2.870%5.130%7.560%
1st payment$1,502.81$1,502.81$4,018.54
2nd payment$0.00$1,749.87$0.00
Taxes / mo$293.33$293.33$293.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,962.81$3,712.67$4,595.54
Cash to close$335,947$65,000$65,000