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$172,555$172,555$584,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$411,545$0
Funding fee$863$863$0
Note rate2.770%2.770%7.320%
Blended rate2.770%6.279%7.560%
1st payment$797.78$797.78$4,012.36
2nd payment$0.00$2,657.90$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.82
HOA / mo$482.00$482.00$482.00
Total monthly$1,987.28$4,645.18$5,318.68
Cash to close$476,445$64,900$64,900