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$493,585$493,585$720,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$226,415$0
Funding fee$2,468$2,468$0
Note rate2.670%2.670%7.400%
Blended rate2.670%4.267%7.640%
1st payment$2,294.76$2,294.76$4,985.13
2nd payment$0.00$1,462.26$0.00
Taxes / mo$226.92$226.92$226.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,738.34$4,200.60$5,572.72
Cash to close$306,415$80,000$80,000