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$315,783$315,783$809,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$493,317$0
Funding fee$1,579$1,579$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.818%7.640%
1st payment$1,464.84$1,464.84$5,602.04
2nd payment$0.00$3,186.00$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,430.67$5,616.68$6,729.70
Cash to close$583,217$89,900$89,900