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$488,855$488,855$809,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$321,055$0
Funding fee$2,444$2,444$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.762%7.640%
1st payment$2,278.19$2,278.19$5,607.65
2nd payment$0.00$2,073.48$0.00
Taxes / mo$399.25$399.25$399.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$100.00$100.00$100.00
Total monthly$2,994.11$5,067.59$6,485.55
Cash to close$411,045$89,990$89,990