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$530,516$530,516$700,110
Remaining term (yrs)24.624.630.0
Secondary amount$0$169,594$0
Funding fee$2,653$2,653$0
Note rate2.990%2.990%7.320%
Blended rate2.990%4.204%7.560%
1st payment$2,530.09$2,530.09$4,809.27
2nd payment$0.00$1,130.62$0.00
Taxes / mo$281.42$281.42$281.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,028.18$4,158.80$5,447.38
Cash to close$247,384$77,790$77,790