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$494,079$494,079$733,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$239,421$0
Funding fee$2,470$2,470$0
Note rate2.930%2.930%7.400%
Blended rate2.930%4.503%7.640%
1st payment$2,385.16$2,385.16$5,078.61
2nd payment$0.00$1,546.26$0.00
Taxes / mo$679.17$679.17$679.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$146.70
HOA / mo$353.00$353.00$353.00
Total monthly$3,634.00$5,180.26$6,474.14
Cash to close$320,921$81,500$81,500