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$502,787$502,787$764,550
Remaining term (yrs)23.423.430.0
Secondary amount$0$261,763$0
Funding fee$2,514$2,514$0
Note rate3.620%3.620%7.320%
Blended rate3.620%5.034%7.560%
1st payment$2,650.08$2,650.08$5,251.93
2nd payment$0.00$1,690.55$0.00
Taxes / mo$707.92$707.92$707.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.91
HOA / mo$0.00$0.00$0.00
Total monthly$3,574.67$5,265.22$6,329.42
Cash to close$346,713$84,950$84,950