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$503,220$503,220$675,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$171,780$0
Funding fee$2,516$2,516$0
Note rate4.000%4.000%7.400%
Blended rate4.000%5.018%7.640%
1st payment$2,625.89$2,625.89$4,673.56
2nd payment$0.00$1,145.20$0.00
Taxes / mo$50.75$50.75$50.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$77.00$77.00$77.00
Total monthly$2,970.31$4,115.51$5,152.98
Cash to close$246,780$75,000$75,000