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$516,640$516,640$809,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$293,270$0
Funding fee$2,583$2,583$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.784%7.640%
1st payment$2,455.34$2,455.34$5,607.65
2nd payment$0.00$1,894.04$0.00
Taxes / mo$254.00$254.00$254.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,926.01$4,820.05$6,240.30
Cash to close$383,260$89,990$89,990