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$453,375$453,375$855,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$401,625$0
Funding fee$2,267$2,267$0
Note rate3.060%3.060%7.400%
Blended rate3.060%5.263%7.640%
1st payment$2,178.70$2,178.70$5,919.85
2nd payment$0.00$2,593.83$0.00
Taxes / mo$201.67$201.67$201.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$171.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,597.03$5,190.86$6,509.18
Cash to close$496,625$95,000$95,000