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$411,623$411,623$787,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$375,877$0
Funding fee$2,058$2,058$0
Note rate2.840%2.840%7.400%
Blended rate2.840%5.184%7.640%
1st payment$1,954.02$1,954.02$5,452.49
2nd payment$0.00$2,427.54$0.00
Taxes / mo$729.17$729.17$729.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,899.85$5,327.39$6,555.82
Cash to close$463,377$87,500$87,500