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$419,960$419,960$629,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$210,039$0
Funding fee$2,100$2,100$0
Note rate2.700%2.700%7.400%
Blended rate2.700%4.384%7.640%
1st payment$1,926.59$1,926.59$4,361.99
2nd payment$0.00$1,356.50$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,676.59$4,033.09$5,237.99
Cash to close$280,039$70,000$70,000