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$551,472$551,472$674,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$123,438$0
Funding fee$2,757$2,757$0
Note rate2.790%2.790%7.400%
Blended rate2.790%3.743%7.640%
1st payment$2,585.29$2,585.29$4,672.94
2nd payment$0.00$822.92$0.00
Taxes / mo$624.92$624.92$624.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.98
HOA / mo$40.00$40.00$40.00
Total monthly$3,466.87$4,289.79$5,689.51
Cash to close$198,428$74,990$74,990