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$648,156$648,156$990,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$341,844$0
Funding fee$3,241$3,241$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.549%7.640%
1st payment$3,105.68$3,105.68$6,854.56
2nd payment$0.00$2,207.74$0.00
Taxes / mo$573.00$573.00$573.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$83.33$83.33$83.33
Total monthly$3,978.68$6,186.42$7,925.56
Cash to close$451,844$110,000$110,000