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$454,916$454,916$629,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$174,184$0
Funding fee$2,275$2,275$0
Note rate3.510%3.510%7.400%
Blended rate3.510%4.753%7.640%
1st payment$2,360.42$2,360.42$4,355.76
2nd payment$0.00$1,161.22$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,109.58$4,270.81$5,230.75
Cash to close$244,084$69,900$69,900