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$506,589$506,589$854,100
Remaining term (yrs)20.120.130.0
Secondary amount$0$347,511$0
Funding fee$2,533$2,533$0
Note rate3.420%3.420%7.320%
Blended rate3.420%5.182%7.560%
1st payment$2,892.14$2,892.14$5,867.07
2nd payment$0.00$2,244.34$0.00
Taxes / mo$790.83$790.83$790.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$170.82
HOA / mo$549.00$549.00$549.00
Total monthly$4,448.64$6,692.98$7,594.39
Cash to close$442,411$94,900$94,900