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$30,637$30,637$558,000
Remaining term (yrs)2.22.230.0
Secondary amount$0$527,363$0
Funding fee$153$153$0
Note rate3.240%3.240%7.400%
Blended rate3.240%7.502%7.640%
1st payment$1,137.54$1,137.54$3,863.48
2nd payment$0.00$3,405.89$0.00
Taxes / mo$516.67$516.67$516.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,820.87$5,226.76$4,658.41
Cash to close$589,363$62,000$62,000