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$287,230$287,230$944,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$656,870$0
Funding fee$1,436$1,436$0
Note rate2.870%2.870%7.400%
Blended rate2.870%6.265%7.640%
1st payment$1,339.68$1,339.68$6,536.76
2nd payment$0.00$4,242.29$0.00
Taxes / mo$874.17$874.17$874.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$188.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,430.52$6,672.80$7,816.41
Cash to close$761,770$104,900$104,900