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$123,663$123,663$522,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$398,337$0
Funding fee$618$618$0
Note rate2.880%2.880%7.400%
Blended rate2.880%6.596%7.640%
1st payment$578.73$578.73$3,614.22
2nd payment$0.00$2,572.60$0.00
Taxes / mo$36.75$36.75$36.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$782.15$3,354.75$3,922.04
Cash to close$456,337$58,000$58,000