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$473,007$473,007$697,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$224,493$0
Funding fee$2,365$2,365$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.393%7.640%
1st payment$2,199.23$2,199.23$4,829.35
2nd payment$0.00$1,449.85$0.00
Taxes / mo$327.42$327.42$327.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$41.67$41.67$41.67
Total monthly$2,784.98$4,234.83$5,554.60
Cash to close$301,993$77,500$77,500