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$642,881$642,881$987,300
Remaining term (yrs)24.424.430.0
Secondary amount$0$344,419$0
Funding fee$3,214$3,214$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.546%7.640%
1st payment$3,034.12$3,034.12$6,835.87
2nd payment$0.00$2,224.37$0.00
Taxes / mo$504.58$504.58$504.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.46
HOA / mo$20.00$20.00$20.00
Total monthly$3,775.37$5,999.74$7,774.58
Cash to close$454,119$109,700$109,700