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$419,466$419,466$629,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$209,634$0
Funding fee$2,097$2,097$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.429%7.640%
1st payment$1,966.82$1,966.82$4,355.76
2nd payment$0.00$1,353.89$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$598.00$598.00$598.00
Total monthly$3,313.98$4,667.87$5,828.75
Cash to close$279,534$69,900$69,900