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$425,006$425,006$701,999
Remaining term (yrs)24.724.730.0
Secondary amount$0$276,993$0
Funding fee$2,125$2,125$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.862%7.560%
1st payment$2,020.10$2,020.10$4,822.25
2nd payment$0.00$1,788.92$0.00
Taxes / mo$650.00$650.00$650.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,886.77$4,675.68$5,829.31
Cash to close$354,993$78,000$78,000