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$498,616$498,616$585,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$86,384$0
Funding fee$2,493$2,493$0
Note rate2.760%2.760%7.400%
Blended rate2.760%3.681%7.640%
1st payment$2,297.41$2,297.41$4,050.42
2nd payment$0.00$647.88$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$51.00$51.00$51.00
Total monthly$3,056.74$3,704.62$4,926.76
Cash to close$151,384$65,000$65,000