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$598,738$598,738$780,300
Remaining term (yrs)24.524.530.0
Secondary amount$0$181,562$0
Funding fee$2,994$2,994$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.240%7.640%
1st payment$2,896.23$2,896.23$5,402.64
2nd payment$0.00$1,210.42$0.00
Taxes / mo$205.93$205.93$205.93
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$156.06
HOA / mo$41.58$41.58$41.58
Total monthly$3,360.41$4,570.83$6,022.88
Cash to close$268,262$86,700$86,700