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$417,392$417,392$594,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$176,608$0
Funding fee$2,087$2,087$0
Note rate3.125%3.125%7.400%
Blended rate3.125%4.574%7.640%
1st payment$1,976.40$1,976.40$4,112.74
2nd payment$0.00$1,177.39$0.00
Taxes / mo$553.08$553.08$553.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.80
HOA / mo$85.00$85.00$85.00
Total monthly$2,781.15$3,958.53$5,036.29
Cash to close$242,608$66,000$66,000