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$385,191$385,191$495,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$109,809$0
Funding fee$1,926$1,926$0
Note rate2.770%2.770%7.400%
Blended rate2.770%3.930%7.640%
1st payment$1,810.42$1,810.42$3,427.28
2nd payment$0.00$732.06$0.00
Taxes / mo$277.67$277.67$277.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,254.75$2,986.81$3,970.61
Cash to close$164,809$55,000$55,000