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$465,815$465,815$756,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$290,185$0
Funding fee$2,329$2,329$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.682%7.640%
1st payment$2,189.35$2,189.35$5,234.39
2nd payment$0.00$1,874.11$0.00
Taxes / mo$700.00$700.00$700.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.20
HOA / mo$93.00$93.00$93.00
Total monthly$3,199.02$5,073.13$6,395.26
Cash to close$374,185$84,000$84,000