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$489,385$489,385$675,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$185,615$0
Funding fee$2,447$2,447$0
Note rate2.790%2.790%7.400%
Blended rate2.790%4.223%7.640%
1st payment$2,267.62$2,267.62$4,673.56
2nd payment$0.00$1,237.43$0.00
Taxes / mo$413.67$413.67$413.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$138.00$138.00$138.00
Total monthly$3,035.95$4,273.39$5,576.90
Cash to close$260,615$75,000$75,000