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$404,879$404,879$585,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$180,121$0
Funding fee$2,024$2,024$0
Note rate5.520%5.520%7.400%
Blended rate5.520%6.284%7.640%
1st payment$2,446.89$2,446.89$4,050.42
2nd payment$0.00$1,200.80$0.00
Taxes / mo$282.17$282.17$282.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,895.72$4,096.53$4,616.26
Cash to close$245,121$65,000$65,000