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$453,430$453,430$585,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$131,570$0
Funding fee$2,267$2,267$0
Note rate2.500%2.500%7.320%
Blended rate2.500%3.737%7.560%
1st payment$2,034.16$2,034.16$4,018.54
2nd payment$0.00$877.14$0.00
Taxes / mo$315.92$315.92$315.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$85.33$85.33$85.33
Total monthly$2,602.07$3,479.21$4,703.46
Cash to close$196,570$65,000$65,000