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$553,645$553,645$809,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$255,455$0
Funding fee$2,768$2,768$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.411%7.560%
1st payment$2,582.29$2,582.29$5,557.96
2nd payment$0.00$1,649.81$0.00
Taxes / mo$191.50$191.50$191.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$4.17$4.17$4.17
Total monthly$2,994.62$4,644.43$6,132.11
Cash to close$345,355$89,900$89,900