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$462,958$462,958$625,410
Remaining term (yrs)21.921.930.0
Secondary amount$0$162,452$0
Funding fee$2,315$2,315$0
Note rate2.990%2.990%7.320%
Blended rate2.990%4.291%7.560%
1st payment$2,395.29$2,395.29$4,296.13
2nd payment$0.00$1,083.01$0.00
Taxes / mo$174.42$174.42$174.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.08
HOA / mo$75.00$75.00$75.00
Total monthly$2,811.37$3,894.38$4,837.30
Cash to close$231,942$69,490$69,490