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$291,245$291,245$1,147,491
Remaining term (yrs)24.324.330.0
Secondary amount$0$856,246$0
Funding fee$1,456$1,456$0
Note rate2.680%2.680%7.320%
Blended rate2.680%6.463%7.560%
1st payment$1,355.52$1,355.52$7,882.47
2nd payment$0.00$5,529.92$0.00
Taxes / mo$223.14$223.14$223.14
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$229.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,795.33$7,325.25$8,551.77
Cash to close$983,745$127,499$127,499