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$607,964$607,964$981,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$373,036$0
Funding fee$3,040$3,040$0
Note rate2.850%2.850%7.400%
Blended rate2.850%4.713%7.640%
1st payment$2,862.13$2,862.13$6,792.25
2nd payment$0.00$2,409.19$0.00
Taxes / mo$908.33$908.33$908.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$196.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,987.13$6,396.32$8,113.45
Cash to close$482,036$109,000$109,000