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$471,445$471,445$990,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$518,555$0
Funding fee$2,357$2,357$0
Note rate2.810%2.810%7.320%
Blended rate2.810%5.398%7.560%
1st payment$2,236.10$2,236.10$6,800.61
2nd payment$0.00$3,349.00$0.00
Taxes / mo$543.50$543.50$543.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$5.50$5.50$5.50
Total monthly$3,001.77$6,350.77$7,764.28
Cash to close$628,555$110,000$110,000