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$419,795$419,795$931,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$511,705$0
Funding fee$2,099$2,099$0
Note rate3.500%3.500%7.320%
Blended rate3.500%5.835%7.560%
1st payment$2,128.47$2,128.47$6,398.76
2nd payment$0.00$3,304.76$0.00
Taxes / mo$519.58$519.58$519.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$186.30
HOA / mo$61.67$61.67$61.67
Total monthly$2,926.39$6,231.16$7,382.98
Cash to close$615,205$103,500$103,500