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$536,403$536,403$648,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$111,597$0
Funding fee$2,682$2,682$0
Note rate2.730%2.730%7.400%
Blended rate2.730%3.638%7.640%
1st payment$2,504.17$2,504.17$4,486.62
2nd payment$0.00$743.98$0.00
Taxes / mo$600.00$600.00$600.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$129.60
HOA / mo$156.00$156.00$156.00
Total monthly$3,476.84$4,220.82$5,588.89
Cash to close$183,597$72,000$72,000