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$592,399$592,399$675,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$82,601$0
Funding fee$2,962$2,962$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.629%7.640%
1st payment$2,778.72$2,778.72$4,673.56
2nd payment$0.00$619.51$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,620.39$4,239.90$5,650.23
Cash to close$157,601$75,000$75,000