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$535,640$535,640$737,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$202,270$0
Funding fee$2,678$2,678$0
Note rate3.000%3.000%7.400%
Blended rate3.000%4.302%7.640%
1st payment$2,534.40$2,534.40$5,109.14
2nd payment$0.00$1,306.33$0.00
Taxes / mo$683.25$683.25$683.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$147.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,434.31$4,740.64$6,156.64
Cash to close$284,260$81,990$81,990