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$409,353$409,353$805,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$396,147$0
Funding fee$2,047$2,047$0
Note rate2.600%2.600%7.400%
Blended rate2.600%5.133%7.640%
1st payment$1,888.65$1,888.65$5,577.12
2nd payment$0.00$2,558.45$0.00
Taxes / mo$295.75$295.75$295.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.10
HOA / mo$17.33$17.33$17.33
Total monthly$2,418.39$4,976.84$6,267.97
Cash to close$485,647$89,500$89,500