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$385,080$385,080$512,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$127,830$0
Funding fee$1,925$1,925$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.584%7.640%
1st payment$1,981.31$1,981.31$3,551.29
2nd payment$0.00$852.20$0.00
Taxes / mo$400.83$400.83$400.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.58
HOA / mo$96.00$96.00$96.00
Total monthly$2,644.81$3,497.01$4,317.37
Cash to close$184,820$56,990$56,990