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$521,105$521,105$697,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$176,395$0
Funding fee$2,606$2,606$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.115%7.640%
1st payment$2,468.98$2,468.98$4,829.35
2nd payment$0.00$1,175.97$0.00
Taxes / mo$412.75$412.75$412.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$160.33$160.33$160.33
Total monthly$3,258.73$4,434.70$5,758.60
Cash to close$253,895$77,500$77,500