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$493,903$493,903$765,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$271,097$0
Funding fee$2,470$2,470$0
Note rate3.850%3.850%7.400%
Blended rate3.850%5.232%7.640%
1st payment$2,646.99$2,646.99$5,296.71
2nd payment$0.00$1,750.83$0.00
Taxes / mo$708.33$708.33$708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$40.00$40.00$40.00
Total monthly$3,611.99$5,362.82$6,414.71
Cash to close$356,097$85,000$85,000