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$491,541$491,541$764,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$272,559$0
Funding fee$2,458$2,458$0
Note rate2.940%2.940%7.320%
Blended rate2.940%4.656%7.560%
1st payment$2,326.16$2,326.16$5,248.84
2nd payment$0.00$1,760.28$0.00
Taxes / mo$707.50$707.50$707.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,250.33$5,010.61$6,325.82
Cash to close$357,459$84,900$84,900