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$455,203$455,203$855,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$399,797$0
Funding fee$2,276$2,276$0
Note rate2.970%2.970%7.400%
Blended rate2.970%5.205%7.640%
1st payment$2,176.15$2,176.15$5,919.85
2nd payment$0.00$2,582.03$0.00
Taxes / mo$873.58$873.58$873.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$171.00
HOA / mo$127.00$127.00$127.00
Total monthly$3,393.40$5,975.42$7,308.10
Cash to close$494,797$95,000$95,000