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$412,621$412,621$468,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$55,379$0
Funding fee$2,063$2,063$0
Note rate3.000%3.000%7.400%
Blended rate3.000%3.710%7.640%
1st payment$1,965.52$1,965.52$3,240.34
2nd payment$0.00$415.35$0.00
Taxes / mo$262.46$262.46$262.46
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,394.64$2,809.99$3,763.06
Cash to close$107,379$52,000$52,000