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$389,354$389,354$472,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$83,146$0
Funding fee$1,947$1,947$0
Note rate2.780%2.780%7.400%
Blended rate2.780%3.875%7.640%
1st payment$1,802.12$1,802.12$3,271.49
2nd payment$0.00$623.60$0.00
Taxes / mo$285.58$285.58$285.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$7.92$7.92$7.92
Total monthly$2,262.29$2,885.88$3,826.16
Cash to close$135,646$52,500$52,500