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$460,504$460,504$881,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$421,495$0
Funding fee$2,303$2,303$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.260%7.640%
1st payment$2,178.97$2,178.97$6,106.78
2nd payment$0.00$2,722.16$0.00
Taxes / mo$816.67$816.67$816.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$176.40
HOA / mo$560.00$560.00$560.00
Total monthly$3,772.31$6,494.46$7,876.52
Cash to close$519,495$98,000$98,000