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$415,570$415,570$665,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$249,530$0
Funding fee$2,078$2,078$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.720%7.640%
1st payment$1,994.99$1,994.99$4,605.02
2nd payment$0.00$1,611.55$0.00
Taxes / mo$266.00$266.00$266.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$133.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,477.65$4,089.20$5,220.70
Cash to close$323,430$73,900$73,900