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$422,530$422,530$576,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$153,470$0
Funding fee$2,113$2,113$0
Note rate5.230%5.230%7.400%
Blended rate5.230%5.968%7.640%
1st payment$2,487.61$2,487.61$3,988.11
2nd payment$0.00$1,023.14$0.00
Taxes / mo$340.00$340.00$340.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,994.28$4,017.41$4,609.97
Cash to close$217,470$64,000$64,000