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$634,030$634,030$855,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$220,970$0
Funding fee$3,170$3,170$0
Note rate2.730%2.730%7.400%
Blended rate2.730%4.027%7.640%
1st payment$2,952.89$2,952.89$5,919.85
2nd payment$0.00$1,427.10$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$0.00$0.00$0.00
Total monthly$3,961.22$5,388.32$7,099.18
Cash to close$315,970$95,000$95,000