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$467,562$467,562$652,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$184,938$0
Funding fee$2,338$2,338$0
Note rate2.700%2.700%7.400%
Blended rate2.700%4.202%7.640%
1st payment$2,186.17$2,186.17$4,517.78
2nd payment$0.00$1,232.92$0.00
Taxes / mo$554.75$554.75$554.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$26.83$26.83$26.83
Total monthly$2,984.42$4,217.34$5,446.52
Cash to close$257,438$72,500$72,500