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$536,006$536,006$666,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$129,994$0
Funding fee$2,680$2,680$0
Note rate2.800%2.800%7.400%
Blended rate2.800%3.815%7.640%
1st payment$2,486.40$2,486.40$4,611.25
2nd payment$0.00$866.63$0.00
Taxes / mo$616.67$616.67$616.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$133.20
HOA / mo$70.00$70.00$70.00
Total monthly$3,389.73$4,256.35$5,647.78
Cash to close$203,994$74,000$74,000