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$589,970$589,970$899,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$309,130$0
Funding fee$2,950$2,950$0
Note rate2.760%2.760%7.400%
Blended rate2.760%4.476%7.640%
1st payment$2,718.33$2,718.33$6,225.19
2nd payment$0.00$1,996.47$0.00
Taxes / mo$832.50$832.50$832.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.82
HOA / mo$300.00$300.00$300.00
Total monthly$4,067.49$6,063.96$7,754.17
Cash to close$409,030$99,900$99,900