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$465,677$465,677$620,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$154,423$0
Funding fee$2,328$2,328$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.223%7.640%
1st payment$2,226.22$2,226.22$4,293.45
2nd payment$0.00$1,029.49$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,967.05$3,996.54$5,158.30
Cash to close$223,323$68,900$68,900