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$351,537$351,537$1,035,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$683,463$0
Funding fee$1,758$1,758$0
Note rate2.810%2.810%7.400%
Blended rate2.810%6.072%7.640%
1st payment$1,667.37$1,667.37$7,166.13
2nd payment$0.00$4,414.03$0.00
Taxes / mo$356.83$356.83$356.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,240.87$6,654.90$7,946.63
Cash to close$798,463$115,000$115,000