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$487,645$487,645$598,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$110,855$0
Funding fee$2,438$2,438$0
Note rate2.790%2.790%7.400%
Blended rate2.790%3.755%7.640%
1st payment$2,291.48$2,291.48$4,143.89
2nd payment$0.00$739.03$0.00
Taxes / mo$139.92$139.92$139.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$158.33$158.33$158.33
Total monthly$2,756.40$3,495.43$4,728.51
Cash to close$177,355$66,500$66,500