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$512,232$512,232$900,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$387,768$0
Funding fee$2,561$2,561$0
Note rate5.540%5.540%7.320%
Blended rate5.540%6.492%7.560%
1st payment$3,101.87$3,101.87$6,182.38
2nd payment$0.00$2,504.34$0.00
Taxes / mo$658.08$658.08$658.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$180.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,976.62$6,480.95$7,237.13
Cash to close$487,768$100,000$100,000