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$485,569$485,569$683,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$198,341$0
Funding fee$2,428$2,428$0
Note rate2.650%2.650%7.400%
Blended rate2.650%4.202%7.640%
1st payment$2,252.57$2,252.57$4,735.25
2nd payment$0.00$1,322.27$0.00
Taxes / mo$1,622.42$1,622.42$1,622.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.78
HOA / mo$45.00$45.00$45.00
Total monthly$4,136.65$5,458.92$6,756.12
Cash to close$274,331$75,990$75,990