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$508,815$508,815$846,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$337,185$0
Funding fee$2,544$2,544$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.887%7.640%
1st payment$2,426.60$2,426.60$5,857.53
2nd payment$0.00$2,177.65$0.00
Taxes / mo$282.25$282.25$282.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$169.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,925.51$5,103.17$6,525.65
Cash to close$431,185$94,000$94,000