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$577,430$577,430$832,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$255,070$0
Funding fee$2,887$2,887$0
Note rate3.990%3.990%7.320%
Blended rate3.990%5.142%7.560%
1st payment$3,214.44$3,214.44$5,718.70
2nd payment$0.00$1,647.33$0.00
Taxes / mo$770.83$770.83$770.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,201.94$5,849.27$6,872.70
Cash to close$347,570$92,500$92,500