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$397,030$397,030$837,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$439,970$0
Funding fee$1,985$1,985$0
Note rate2.720%2.720%7.400%
Blended rate2.720%5.364%7.640%
1st payment$1,860.42$1,860.42$5,795.22
2nd payment$0.00$2,841.47$0.00
Taxes / mo$775.00$775.00$775.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$167.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,852.09$5,693.56$6,954.29
Cash to close$532,970$93,000$93,000