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$550,042$550,042$764,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$214,957$0
Funding fee$2,750$2,750$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.320%7.640%
1st payment$2,675.83$2,675.83$5,296.70
2nd payment$0.00$1,388.26$0.00
Taxes / mo$708.33$708.33$708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,600.83$4,989.10$6,374.70
Cash to close$299,957$85,000$85,000