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$611,238$611,238$832,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$221,262$0
Funding fee$3,056$3,056$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.240%7.640%
1st payment$2,902.12$2,902.12$5,764.06
2nd payment$0.00$1,428.98$0.00
Taxes / mo$468.42$468.42$468.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,587.20$5,016.18$6,615.65
Cash to close$313,762$92,500$92,500