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$460,537$460,537$585,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$124,463$0
Funding fee$2,303$2,303$0
Note rate2.720%2.720%7.320%
Blended rate2.720%3.843%7.560%
1st payment$2,152.81$2,152.81$4,018.54
2nd payment$0.00$829.75$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,861.14$3,690.90$4,843.88
Cash to close$189,463$65,000$65,000