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$496,382$496,382$699,300
Remaining term (yrs)24.324.330.0
Secondary amount$0$202,918$0
Funding fee$2,482$2,482$0
Note rate2.770%2.770%7.320%
Blended rate2.770%4.215%7.560%
1st payment$2,333.02$2,333.02$4,803.71
2nd payment$0.00$1,310.51$0.00
Taxes / mo$2,251.00$2,251.00$2,251.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.86
HOA / mo$0.00$0.00$0.00
Total monthly$4,800.68$6,111.20$7,411.23
Cash to close$280,618$77,700$77,700