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$577,930$577,930$656,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$78,170$0
Funding fee$2,890$2,890$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.609%7.640%
1st payment$2,698.54$2,698.54$4,542.70
2nd payment$0.00$586.27$0.00
Taxes / mo$607.50$607.50$607.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,522.71$4,108.98$5,498.09
Cash to close$151,070$72,900$72,900