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$584,454$584,454$855,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$270,546$0
Funding fee$2,922$2,922$0
Note rate3.090%3.090%7.400%
Blended rate3.090%4.565%7.640%
1st payment$2,780.61$2,780.61$5,919.85
2nd payment$0.00$1,747.28$0.00
Taxes / mo$791.67$791.67$791.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$171.00
HOA / mo$5.00$5.00$5.00
Total monthly$3,793.94$5,541.22$7,104.18
Cash to close$365,546$95,000$95,000