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$420,873$420,873$607,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$186,627$0
Funding fee$2,104$2,104$0
Note rate3.490%3.490%7.320%
Blended rate3.490%4.875%7.560%
1st payment$2,179.31$2,179.31$4,173.10
2nd payment$0.00$1,244.18$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$680.00$680.00$680.00
Total monthly$3,588.48$4,832.66$5,703.77
Cash to close$254,127$67,500$67,500