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$405,737$405,737$661,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$255,763$0
Funding fee$2,029$2,029$0
Note rate3.600%3.600%7.400%
Blended rate3.600%5.205%7.640%
1st payment$2,158.77$2,158.77$4,580.09
2nd payment$0.00$1,651.80$0.00
Taxes / mo$497.58$497.58$497.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.30
HOA / mo$140.00$140.00$140.00
Total monthly$3,013.02$4,664.82$5,566.64
Cash to close$329,263$73,500$73,500