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$498,776$498,776$810,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$311,224$0
Funding fee$2,494$2,494$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.813%7.640%
1st payment$2,426.44$2,426.44$5,608.28
2nd payment$0.00$2,009.99$0.00
Taxes / mo$750.00$750.00$750.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,393.10$5,403.09$6,736.94
Cash to close$401,224$90,000$90,000