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$471,905$471,905$1,350,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$878,095$0
Funding fee$2,360$2,360$0
Note rate2.790%2.790%7.400%
Blended rate2.790%6.016%7.640%
1st payment$2,217.52$2,217.52$9,347.13
2nd payment$0.00$5,671.03$0.00
Taxes / mo$321.17$321.17$321.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$270.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,755.35$8,426.38$10,154.96
Cash to close$1,028,095$150,000$150,000