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$487,189$487,189$666,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$178,811$0
Funding fee$2,436$2,436$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.379%7.640%
1st payment$2,249.38$2,249.38$4,611.25
2nd payment$0.00$1,192.08$0.00
Taxes / mo$117.59$117.59$117.59
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$133.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,583.63$3,775.71$5,078.70
Cash to close$252,811$74,000$74,000