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$605,690$605,690$899,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$293,410$0
Funding fee$3,028$3,028$0
Note rate3.180%3.180%7.320%
Blended rate3.180%4.671%7.560%
1st payment$3,002.45$3,002.45$6,176.19
2nd payment$0.00$1,894.94$0.00
Taxes / mo$832.50$832.50$832.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.82
HOA / mo$920.00$920.00$920.00
Total monthly$4,971.61$6,866.55$8,325.18
Cash to close$393,310$99,900$99,900