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$474,395$474,395$787,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$313,105$0
Funding fee$2,372$2,372$0
Note rate3.030%3.030%7.320%
Blended rate3.030%4.907%7.560%
1st payment$2,325.58$2,325.58$5,409.58
2nd payment$0.00$2,022.14$0.00
Taxes / mo$501.42$501.42$501.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$101.00$101.00$101.00
Total monthly$3,144.66$5,166.80$6,386.16
Cash to close$400,605$87,500$87,500