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$585,171$585,171$782,550
Remaining term (yrs)24.424.430.0
Secondary amount$0$197,379$0
Funding fee$2,926$2,926$0
Note rate2.660%2.660%7.400%
Blended rate2.660%4.007%7.640%
1st payment$2,711.02$2,711.02$5,418.22
2nd payment$0.00$1,315.86$0.00
Taxes / mo$724.58$724.58$724.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$156.51
HOA / mo$241.00$241.00$241.00
Total monthly$3,893.27$5,209.13$6,756.98
Cash to close$284,329$86,950$86,950