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$486,591$486,591$694,800
Remaining term (yrs)24.124.130.0
Secondary amount$0$208,209$0
Funding fee$2,433$2,433$0
Note rate2.890%2.890%7.400%
Blended rate2.890%4.346%7.640%
1st payment$2,327.89$2,327.89$4,810.65
2nd payment$0.00$1,344.68$0.00
Taxes / mo$643.33$643.33$643.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.96
HOA / mo$40.00$40.00$40.00
Total monthly$3,227.89$4,572.57$5,849.61
Cash to close$285,409$77,200$77,200