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$532,128$532,128$755,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$222,972$0
Funding fee$2,661$2,661$0
Note rate3.130%3.130%7.400%
Blended rate3.130%4.494%7.640%
1st payment$2,636.18$2,636.18$5,228.16
2nd payment$0.00$1,440.03$0.00
Taxes / mo$699.17$699.17$699.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,552.02$4,992.04$6,295.01
Cash to close$306,872$83,900$83,900