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$530,476$530,476$719,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$188,624$0
Funding fee$2,652$2,652$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.216%7.640%
1st payment$2,474.22$2,474.22$4,978.90
2nd payment$0.00$1,257.50$0.00
Taxes / mo$665.83$665.83$665.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,356.72$4,614.21$6,005.22
Cash to close$268,524$79,900$79,900