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$446,627$446,627$1,215,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$768,373$0
Funding fee$2,233$2,233$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.930%7.640%
1st payment$2,116.11$2,116.11$8,412.41
2nd payment$0.00$4,962.41$0.00
Taxes / mo$396.25$396.25$396.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$243.00
HOA / mo$20.83$20.83$20.83
Total monthly$2,749.85$7,712.26$9,289.16
Cash to close$903,373$135,000$135,000