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$296,480$296,480$778,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$482,020$0
Funding fee$1,482$1,482$0
Note rate2.840%2.840%7.400%
Blended rate2.840%5.880%7.640%
1st payment$1,407.42$1,407.42$5,390.18
2nd payment$0.00$3,113.05$0.00
Taxes / mo$148.67$148.67$148.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$155.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,772.75$4,885.80$5,911.21
Cash to close$568,520$86,500$86,500