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$378,677$378,677$594,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$215,323$0
Funding fee$1,893$1,893$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.709%7.640%
1st payment$1,803.99$1,803.99$4,112.74
2nd payment$0.00$1,390.63$0.00
Taxes / mo$247.17$247.17$247.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,217.82$3,608.45$4,645.37
Cash to close$281,323$66,000$66,000