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$453,202$453,202$826,200
Remaining term (yrs)24.624.630.0
Secondary amount$0$372,998$0
Funding fee$2,266$2,266$0
Note rate3.040%3.040%7.400%
Blended rate3.040%5.166%7.640%
1st payment$2,173.15$2,173.15$5,720.44
2nd payment$0.00$2,408.95$0.00
Taxes / mo$201.67$201.67$201.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$165.24
HOA / mo$0.00$0.00$0.00
Total monthly$2,591.48$5,000.43$6,304.02
Cash to close$464,798$91,800$91,800