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$459,553$459,553$630,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$170,447$0
Funding fee$2,298$2,298$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.324%7.640%
1st payment$2,174.61$2,174.61$4,361.99
2nd payment$0.00$1,136.31$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$122.00$122.00$122.00
Total monthly$3,046.61$4,182.92$5,359.99
Cash to close$240,447$70,000$70,000