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$96,144$96,144$585,000
Remaining term (yrs)4.94.930.0
Secondary amount$0$488,856$0
Funding fee$481$481$0
Note rate2.750%2.750%7.400%
Blended rate2.750%6.928%7.640%
1st payment$1,716.91$1,716.91$4,050.42
2nd payment$0.00$3,157.20$0.00
Taxes / mo$432.92$432.92$432.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$392.00$392.00$392.00
Total monthly$2,708.50$5,865.69$5,159.01
Cash to close$553,856$65,000$65,000