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$388,193$388,193$1,035,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$646,807$0
Funding fee$1,941$1,941$0
Note rate2.900%2.900%7.320%
Blended rate2.900%5.931%7.560%
1st payment$1,863.56$1,863.56$7,109.73
2nd payment$0.00$4,177.30$0.00
Taxes / mo$722.25$722.25$722.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$175.00$175.00$175.00
Total monthly$2,977.48$7,154.77$8,430.65
Cash to close$761,807$115,000$115,000