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$424,020$424,020$625,410
Remaining term (yrs)24.724.730.0
Secondary amount$0$201,390$0
Funding fee$2,120$2,120$0
Note rate3.060%3.060%7.400%
Blended rate3.060%4.570%7.640%
1st payment$2,033.06$2,033.06$4,330.21
2nd payment$0.00$1,300.65$0.00
Taxes / mo$523.19$523.19$523.19
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.08
HOA / mo$0.00$0.00$0.00
Total monthly$2,722.91$4,023.56$5,145.15
Cash to close$270,880$69,490$69,490