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$373,482$373,482$540,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$166,518$0
Funding fee$1,867$1,867$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.535%7.640%
1st payment$1,818.83$1,818.83$3,738.85
2nd payment$0.00$1,110.12$0.00
Taxes / mo$317.08$317.08$317.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$53.00$53.00$53.00
Total monthly$2,355.58$3,465.70$4,383.60
Cash to close$226,518$60,000$60,000