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$613,669$613,669$855,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$241,331$0
Funding fee$3,068$3,068$0
Note rate2.770%2.770%7.320%
Blended rate2.770%4.176%7.560%
1st payment$2,824.18$2,824.18$5,873.26
2nd payment$0.00$1,558.59$0.00
Taxes / mo$6.51$6.51$6.51
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$171.00
HOA / mo$116.67$116.67$116.67
Total monthly$3,164.03$4,722.62$6,384.10
Cash to close$336,331$95,000$95,000