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$495,837$495,837$719,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$223,263$0
Funding fee$2,479$2,479$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.433%7.640%
1st payment$2,346.49$2,346.49$4,978.90
2nd payment$0.00$1,441.91$0.00
Taxes / mo$665.83$665.83$665.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.82
HOA / mo$32.00$32.00$32.00
Total monthly$3,260.99$4,702.90$6,037.22
Cash to close$303,163$79,900$79,900