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$502,290$502,290$719,010
Remaining term (yrs)23.423.430.0
Secondary amount$0$216,720$0
Funding fee$2,511$2,511$0
Note rate2.770%2.770%7.320%
Blended rate2.770%4.271%7.560%
1st payment$2,425.34$2,425.34$4,939.10
2nd payment$0.00$1,399.65$0.00
Taxes / mo$1,534.83$1,534.83$1,534.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.80
HOA / mo$81.00$81.00$81.00
Total monthly$4,257.84$5,657.49$6,915.40
Cash to close$296,610$79,890$79,890