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$404,870$404,870$585,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$180,130$0
Funding fee$2,024$2,024$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.920%7.640%
1st payment$2,012.95$2,012.95$4,050.42
2nd payment$0.00$1,200.86$0.00
Taxes / mo$261.75$261.75$261.75
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$2,441.37$3,642.23$4,595.84
Cash to close$245,130$65,000$65,000