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$486,750$486,750$1,169,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$683,160$0
Funding fee$2,434$2,434$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.691%7.640%
1st payment$2,252.73$2,252.73$8,100.22
2nd payment$0.00$4,412.07$0.00
Taxes / mo$227.50$227.50$227.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,696.90$7,108.97$8,778.37
Cash to close$813,150$129,990$129,990