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$511,209$511,209$841,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$330,291$0
Funding fee$2,556$2,556$0
Note rate2.790%2.790%7.400%
Blended rate2.790%4.737%7.640%
1st payment$2,402.21$2,402.21$5,826.38
2nd payment$0.00$2,133.13$0.00
Taxes / mo$296.83$296.83$296.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$168.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,915.71$5,048.84$6,508.18
Cash to close$423,791$93,500$93,500