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$504,562$504,562$967,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$462,938$0
Funding fee$2,523$2,523$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.184%7.640%
1st payment$2,342.95$2,342.95$6,698.77
2nd payment$0.00$2,989.81$0.00
Taxes / mo$296.61$296.61$296.61
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$193.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,856.23$5,846.03$7,405.55
Cash to close$570,438$107,500$107,500