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$386,004$386,004$396,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$31,996$0
Funding fee$1,930$1,930$0
Note rate2.800%2.800%7.400%
Blended rate2.800%3.495%7.640%
1st payment$1,786.47$1,786.47$2,741.82
2nd payment$0.00$316.62$0.00
Taxes / mo$150.45$150.45$150.45
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,086.92$2,403.54$3,121.47
Cash to close$53,996$22,000$44,000