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$561,441$561,441$886,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$325,059$0
Funding fee$2,807$2,807$0
Note rate2.625%2.625%7.400%
Blended rate2.625%4.504%7.640%
1st payment$2,566.35$2,566.35$6,137.95
2nd payment$0.00$2,099.34$0.00
Taxes / mo$534.67$534.67$534.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$177.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,317.68$5,417.02$7,066.58
Cash to close$423,559$98,500$98,500