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$509,693$509,693$787,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$277,807$0
Funding fee$2,548$2,548$0
Note rate3.850%3.850%7.400%
Blended rate3.850%5.226%7.640%
1st payment$2,731.60$2,731.60$5,452.49
2nd payment$0.00$1,794.17$0.00
Taxes / mo$504.92$504.92$504.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,453.19$5,247.36$6,331.57
Cash to close$365,307$87,500$87,500