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$393,495$393,495$1,075,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$682,005$0
Funding fee$1,967$1,967$0
Note rate3.760%3.760%7.400%
Blended rate3.760%6.290%7.640%
1st payment$1,993.56$1,993.56$7,446.54
2nd payment$0.00$4,404.62$0.00
Taxes / mo$430.31$430.31$430.31
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,640.54$7,045.15$8,308.62
Cash to close$801,505$119,500$119,500