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$403,467$403,467$580,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$177,033$0
Funding fee$2,017$2,017$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.511%7.640%
1st payment$1,913.39$1,913.39$4,019.26
2nd payment$0.00$1,180.22$0.00
Taxes / mo$537.50$537.50$537.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,617.56$3,797.78$4,839.53
Cash to close$241,533$64,500$64,500