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$580,525$580,525$855,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$274,475$0
Funding fee$2,903$2,903$0
Note rate2.790%2.790%7.400%
Blended rate2.790%4.382%7.640%
1st payment$2,689.93$2,689.93$5,919.85
2nd payment$0.00$1,772.65$0.00
Taxes / mo$206.92$206.92$206.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$171.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,113.51$4,886.16$6,514.43
Cash to close$369,475$95,000$95,000