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$456,048$456,048$755,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$299,052$0
Funding fee$2,280$2,280$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.742%7.640%
1st payment$2,133.28$2,133.28$5,228.16
2nd payment$0.00$1,931.38$0.00
Taxes / mo$699.17$699.17$699.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,049.11$4,980.49$6,295.01
Cash to close$382,952$83,900$83,900