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$397,300$397,300$809,100
Remaining term (yrs)18.818.830.0
Secondary amount$0$411,800$0
Funding fee$1,987$1,987$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.359%7.640%
1st payment$2,272.11$2,272.11$5,602.04
2nd payment$0.00$2,659.54$0.00
Taxes / mo$327.32$327.32$327.32
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,816.09$5,475.63$6,307.85
Cash to close$501,700$89,900$89,900