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$326,923$326,923$872,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$545,987$0
Funding fee$1,635$1,635$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.964%7.640%
1st payment$1,590.41$1,590.41$6,043.85
2nd payment$0.00$3,526.16$0.00
Taxes / mo$808.25$808.25$808.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$174.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,615.33$6,141.49$7,243.35
Cash to close$642,977$96,990$96,990