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$547,475$547,475$697,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$150,025$0
Funding fee$2,737$2,737$0
Note rate2.670%2.670%7.240%
Blended rate2.670%3.816%7.480%
1st payment$2,545.30$2,545.30$4,753.45
2nd payment$0.00$1,000.17$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,407.80$4,407.97$5,755.45
Cash to close$227,525$77,500$77,500