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$612,325$612,325$990,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$377,675$0
Funding fee$3,062$3,062$0
Note rate2.900%2.900%7.320%
Blended rate2.900%4.750%7.560%
1st payment$2,871.97$2,871.97$6,800.61
2nd payment$0.00$2,439.15$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,005.30$6,444.45$8,131.95
Cash to close$487,675$110,000$110,000