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$508,481$508,481$742,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$234,019$0
Funding fee$2,542$2,542$0
Note rate2.710%2.710%7.400%
Blended rate2.710%4.298%7.640%
1st payment$2,362.98$2,362.98$5,140.92
2nd payment$0.00$1,511.37$0.00
Taxes / mo$270.75$270.75$270.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,850.40$4,361.77$5,776.84
Cash to close$316,519$82,500$82,500