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$447,175$447,175$629,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$181,925$0
Funding fee$2,236$2,236$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.837%7.640%
1st payment$2,218.83$2,218.83$4,355.76
2nd payment$0.00$1,212.83$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,967.99$4,180.83$5,230.75
Cash to close$251,825$69,900$69,900