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$594,517$594,517$863,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$269,393$0
Funding fee$2,973$2,973$0
Note rate2.250%2.250%7.400%
Blended rate2.250%3.965%7.640%
1st payment$2,632.32$2,632.32$5,981.54
2nd payment$0.00$1,739.83$0.00
Taxes / mo$799.92$799.92$799.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$172.78
HOA / mo$87.00$87.00$87.00
Total monthly$3,735.91$5,475.74$7,257.90
Cash to close$365,383$95,990$95,990