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$445,380$445,380$607,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$162,120$0
Funding fee$2,227$2,227$0
Note rate2.770%2.770%7.320%
Blended rate2.770%4.166%7.560%
1st payment$2,093.31$2,093.31$4,173.10
2nd payment$0.00$1,080.80$0.00
Taxes / mo$291.17$291.17$291.17
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$2,551.14$3,631.94$4,752.44
Cash to close$229,620$67,500$67,500