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$568,209$568,209$981,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$412,791$0
Funding fee$2,841$2,841$0
Note rate2.950%2.950%7.320%
Blended rate2.950%4.970%7.560%
1st payment$2,691.93$2,691.93$6,738.79
2nd payment$0.00$2,665.94$0.00
Taxes / mo$1,697.42$1,697.42$1,697.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$196.20
HOA / mo$179.33$179.33$179.33
Total monthly$4,785.34$7,451.28$9,028.40
Cash to close$521,791$109,000$109,000