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$439,697$439,697$630,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$190,303$0
Funding fee$2,198$2,198$0
Note rate3.020%3.020%7.320%
Blended rate3.020%4.524%7.560%
1st payment$2,113.42$2,113.42$4,327.66
2nd payment$0.00$1,268.68$0.00
Taxes / mo$1,144.75$1,144.75$1,144.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$8.25$8.25$8.25
Total monthly$3,433.08$4,701.77$5,773.33
Cash to close$260,303$70,000$70,000