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$624,649$624,649$823,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$198,851$0
Funding fee$3,123$3,123$0
Note rate3.480%3.480%7.400%
Blended rate3.480%4.571%7.640%
1st payment$3,238.53$3,238.53$5,701.75
2nd payment$0.00$1,325.68$0.00
Taxes / mo$762.50$762.50$762.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$164.70
HOA / mo$480.00$480.00$480.00
Total monthly$4,697.69$6,023.37$7,325.61
Cash to close$290,351$91,500$91,500