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$588,081$588,081$963,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$374,919$0
Funding fee$2,940$2,940$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.770%7.560%
1st payment$2,807.39$2,807.39$6,615.14
2nd payment$0.00$2,421.35$0.00
Taxes / mo$891.67$891.67$891.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$192.60
HOA / mo$146.00$146.00$146.00
Total monthly$4,061.72$6,483.07$8,062.08
Cash to close$481,919$107,000$107,000