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$491,244$491,244$764,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$272,856$0
Funding fee$2,456$2,456$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.568%7.560%
1st payment$2,273.53$2,273.53$5,248.84
2nd payment$0.00$1,762.19$0.00
Taxes / mo$707.50$707.50$707.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,197.69$4,959.89$6,325.82
Cash to close$357,756$84,900$84,900