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$406,982$406,982$539,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$132,928$0
Funding fee$2,035$2,035$0
Note rate4.000%4.000%7.400%
Blended rate4.000%4.985%7.640%
1st payment$2,119.72$2,119.72$3,738.23
2nd payment$0.00$886.18$0.00
Taxes / mo$257.00$257.00$257.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$25.00$25.00$25.00
Total monthly$2,568.39$3,454.58$4,294.88
Cash to close$192,918$59,990$59,990