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$397,449$397,449$1,003,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$606,051$0
Funding fee$1,987$1,987$0
Note rate2.810%2.810%7.320%
Blended rate2.810%5.793%7.560%
1st payment$1,880.63$1,880.63$6,893.35
2nd payment$0.00$3,914.08$0.00
Taxes / mo$215.33$215.33$215.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$200.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,312.63$6,226.71$7,526.05
Cash to close$717,551$111,500$111,500