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$423,099$423,099$990,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$566,901$0
Funding fee$2,115$2,115$0
Note rate5.520%5.520%7.400%
Blended rate5.520%6.797%7.640%
1st payment$2,560.70$2,560.70$6,854.56
2nd payment$0.00$3,661.23$0.00
Taxes / mo$936.57$936.57$936.57
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$151.33$151.33$151.33
Total monthly$3,865.26$7,526.50$8,357.12
Cash to close$676,901$110,000$110,000