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$494,436$494,436$656,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$162,474$0
Funding fee$2,472$2,472$0
Note rate2.850%2.850%7.400%
Blended rate2.850%4.124%7.640%
1st payment$2,333.11$2,333.11$4,548.31
2nd payment$0.00$1,083.16$0.00
Taxes / mo$608.25$608.25$608.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.38
HOA / mo$132.00$132.00$132.00
Total monthly$3,290.03$4,373.19$5,636.61
Cash to close$235,464$72,990$72,990