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$487,190$487,190$647,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$160,720$0
Funding fee$2,436$2,436$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.143%7.560%
1st payment$2,272.33$2,272.33$4,450.69
2nd payment$0.00$1,071.47$0.00
Taxes / mo$185.50$185.50$185.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$129.58
HOA / mo$115.00$115.00$115.00
Total monthly$2,789.50$3,860.96$5,097.44
Cash to close$232,710$71,990$71,990