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$290,114$290,114$683,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$393,796$0
Funding fee$1,451$1,451$0
Note rate6.580%6.580%7.320%
Blended rate6.580%7.254%7.560%
1st payment$1,871.38$1,871.38$4,697.99
2nd payment$0.00$2,543.27$0.00
Taxes / mo$633.25$633.25$633.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,721.30$5,264.57$5,684.69
Cash to close$469,786$75,990$75,990