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$536,976$536,976$800,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$263,124$0
Funding fee$2,685$2,685$0
Note rate2.500%2.500%7.400%
Blended rate2.500%4.227%7.640%
1st payment$2,391.79$2,391.79$5,539.73
2nd payment$0.00$1,699.34$0.00
Taxes / mo$199.33$199.33$199.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$160.02
HOA / mo$66.67$66.67$66.67
Total monthly$2,874.46$4,573.81$6,182.42
Cash to close$352,024$88,900$88,900