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$371,476$371,476$423,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$51,524$0
Funding fee$1,857$1,857$0
Note rate2.990%2.990%7.400%
Blended rate2.990%3.722%7.640%
1st payment$1,800.53$1,800.53$2,928.77
2nd payment$0.00$386.43$0.00
Taxes / mo$294.25$294.25$294.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,261.45$2,647.88$3,474.28
Cash to close$98,524$47,000$47,000