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$425,363$425,363$670,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$245,137$0
Funding fee$2,127$2,127$0
Note rate3.490%3.490%7.400%
Blended rate3.490%5.047%7.640%
1st payment$2,197.58$2,197.58$4,642.41
2nd payment$0.00$1,583.18$0.00
Taxes / mo$620.83$620.83$620.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,035.08$4,618.26$5,614.01
Cash to close$319,637$74,500$74,500