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$492,040$492,040$720,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$227,960$0
Funding fee$2,460$2,460$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.422%7.640%
1st payment$2,307.98$2,307.98$4,985.13
2nd payment$0.00$1,472.24$0.00
Taxes / mo$183.36$183.36$183.36
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.00
HOA / mo$41.25$41.25$41.25
Total monthly$2,749.25$4,221.49$5,570.41
Cash to close$307,960$80,000$80,000