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$428,890$428,890$661,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$232,610$0
Funding fee$2,144$2,144$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.644%7.640%
1st payment$2,034.12$2,034.12$4,580.09
2nd payment$0.00$1,502.27$0.00
Taxes / mo$521.58$521.58$521.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.30
HOA / mo$85.00$85.00$85.00
Total monthly$2,857.37$4,359.64$5,535.64
Cash to close$306,110$73,500$73,500