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$215,518$215,518$585,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$369,482$0
Funding fee$1,078$1,078$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.956%7.640%
1st payment$1,037.37$1,037.37$4,050.42
2nd payment$0.00$2,386.24$0.00
Taxes / mo$541.67$541.67$541.67
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$1,745.70$4,131.94$4,875.76
Cash to close$434,482$65,000$65,000