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$424,923$424,923$540,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$115,077$0
Funding fee$2,125$2,125$0
Note rate3.130%3.130%7.400%
Blended rate3.130%4.168%7.640%
1st payment$2,057.51$2,057.51$3,738.85
2nd payment$0.00$767.18$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,724.17$3,491.35$4,513.52
Cash to close$175,077$60,000$60,000