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$476,512$476,512$657,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$180,488$0
Funding fee$2,383$2,383$0
Note rate3.080%3.080%7.400%
Blended rate3.080%4.432%7.640%
1st payment$2,300.03$2,300.03$4,548.94
2nd payment$0.00$1,203.26$0.00
Taxes / mo$608.33$608.33$608.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,125.03$4,328.28$5,505.34
Cash to close$253,488$73,000$73,000