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$497,969$497,969$652,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$154,531$0
Funding fee$2,490$2,490$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.177%7.640%
1st payment$2,369.49$2,369.49$4,517.78
2nd payment$0.00$1,030.21$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$449.00$449.00$449.00
Total monthly$3,639.32$4,669.53$5,918.11
Cash to close$227,031$72,500$72,500