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$486,421$486,421$683,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$196,679$0
Funding fee$2,432$2,432$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.411%7.640%
1st payment$2,306.97$2,306.97$4,729.65
2nd payment$0.00$1,311.19$0.00
Taxes / mo$632.50$632.50$632.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.62
HOA / mo$141.00$141.00$141.00
Total monthly$3,297.14$4,608.33$5,856.43
Cash to close$272,579$75,900$75,900