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$469,397$469,397$787,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$318,103$0
Funding fee$2,347$2,347$0
Note rate3.240%3.240%7.400%
Blended rate3.240%5.062%7.640%
1st payment$2,357.80$2,357.80$5,452.49
2nd payment$0.00$2,054.41$0.00
Taxes / mo$377.08$377.08$377.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$25.67$25.67$25.67
Total monthly$2,977.22$5,031.63$6,229.41
Cash to close$405,603$87,500$87,500