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$289,592$289,592$585,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$295,408$0
Funding fee$1,448$1,448$0
Note rate2.750%2.750%7.320%
Blended rate2.750%5.275%7.560%
1st payment$1,420.68$1,420.68$4,018.54
2nd payment$0.00$1,907.84$0.00
Taxes / mo$424.25$424.25$424.25
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$2,011.60$3,919.44$4,726.46
Cash to close$360,408$65,000$65,000