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$650,260$650,260$832,050
Remaining term (yrs)24.924.930.0
Secondary amount$0$181,790$0
Funding fee$3,251$3,251$0
Note rate2.770%2.770%7.320%
Blended rate2.770%3.913%7.560%
1st payment$3,006.38$3,006.38$5,715.61
2nd payment$0.00$1,211.94$0.00
Taxes / mo$770.42$770.42$770.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.41
HOA / mo$0.00$0.00$0.00
Total monthly$3,993.46$5,205.40$6,869.10
Cash to close$274,240$92,450$92,450