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$407,425$407,425$990,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$582,575$0
Funding fee$2,037$2,037$0
Note rate2.840%2.840%7.400%
Blended rate2.840%5.729%7.640%
1st payment$1,893.99$1,893.99$6,854.56
2nd payment$0.00$3,762.46$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,027.32$6,789.79$8,185.89
Cash to close$692,575$110,000$110,000