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$514,710$514,710$809,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$295,200$0
Funding fee$2,574$2,574$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.655%7.640%
1st payment$2,387.17$2,387.17$5,607.65
2nd payment$0.00$1,906.50$0.00
Taxes / mo$254.02$254.02$254.02
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,857.85$4,764.35$6,240.32
Cash to close$385,190$89,990$89,990