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$508,321$508,321$792,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$283,679$0
Funding fee$2,542$2,542$0
Note rate2.850%2.850%7.400%
Blended rate2.850%4.605%7.640%
1st payment$2,398.63$2,398.63$5,483.65
2nd payment$0.00$1,832.09$0.00
Taxes / mo$269.33$269.33$269.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,884.63$4,716.73$6,128.05
Cash to close$371,679$88,000$88,000