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$587,551$587,551$872,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$284,549$0
Funding fee$2,938$2,938$0
Note rate2.650%2.650%7.400%
Blended rate2.650%4.314%7.640%
1st payment$2,725.66$2,725.66$6,038.24
2nd payment$0.00$1,837.71$0.00
Taxes / mo$1,031.75$1,031.75$1,031.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$174.42
HOA / mo$43.75$43.75$43.75
Total monthly$4,017.83$5,855.54$7,504.83
Cash to close$381,449$96,900$96,900