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$404,273$404,273$630,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$225,727$0
Funding fee$2,021$2,021$0
Note rate2.790%2.790%7.320%
Blended rate2.790%4.567%7.560%
1st payment$1,908.79$1,908.79$4,327.66
2nd payment$0.00$1,457.82$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$29.00$29.00$29.00
Total monthly$2,687.79$4,145.60$5,232.66
Cash to close$295,727$70,000$70,000