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$430,472$430,472$584,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$153,628$0
Funding fee$2,152$2,152$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.146%7.640%
1st payment$2,028.09$2,028.09$4,044.19
2nd payment$0.00$1,024.19$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,735.59$3,759.78$4,868.51
Cash to close$218,528$64,900$64,900