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$414,742$414,742$603,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$188,258$0
Funding fee$2,074$2,074$0
Note rate3.080%3.080%7.320%
Blended rate3.080%4.616%7.560%
1st payment$2,001.88$2,001.88$4,142.19
2nd payment$0.00$1,255.06$0.00
Taxes / mo$330.69$330.69$330.69
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.60
HOA / mo$10.83$10.83$10.83
Total monthly$2,510.06$3,765.11$4,770.97
Cash to close$255,258$67,000$67,000