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$516,767$516,767$607,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$90,733$0
Funding fee$2,584$2,584$0
Note rate2.870%2.870%7.400%
Blended rate2.870%3.786%7.640%
1st payment$2,404.83$2,404.83$4,206.21
2nd payment$0.00$680.50$0.00
Taxes / mo$288.40$288.40$288.40
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,859.89$3,540.39$4,782.77
Cash to close$158,233$67,500$67,500