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$455,469$455,469$1,012,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$557,031$0
Funding fee$2,277$2,277$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.523%7.640%
1st payment$2,112.80$2,112.80$7,010.35
2nd payment$0.00$3,597.49$0.00
Taxes / mo$645.33$645.33$645.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$190.00$190.00$190.00
Total monthly$3,164.80$6,762.30$8,264.85
Cash to close$669,531$112,500$112,500