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$488,056$488,056$630,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$141,944$0
Funding fee$2,440$2,440$0
Note rate2.810%2.810%7.400%
Blended rate2.810%3.979%7.640%
1st payment$2,314.89$2,314.89$4,361.99
2nd payment$0.00$946.29$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$294.00$294.00$294.00
Total monthly$3,358.89$4,305.18$5,531.99
Cash to close$211,944$70,000$70,000