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$600,164$600,164$999,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$398,836$0
Funding fee$3,001$3,001$0
Note rate2.890%2.890%7.240%
Blended rate2.890%4.830%7.480%
1st payment$2,871.23$2,871.23$6,808.17
2nd payment$0.00$2,575.81$0.00
Taxes / mo$925.00$925.00$925.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$199.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,012.90$6,588.71$8,149.63
Cash to close$509,836$111,000$111,000