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$414,963$414,963$540,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$125,037$0
Funding fee$2,075$2,075$0
Note rate2.650%2.650%7.400%
Blended rate2.650%3.889%7.640%
1st payment$1,920.36$1,920.36$3,738.85
2nd payment$0.00$833.58$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$35.00$35.00$35.00
Total monthly$2,622.03$3,455.61$4,548.52
Cash to close$185,037$60,000$60,000