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$383,623$383,623$607,499
Remaining term (yrs)24.824.830.0
Secondary amount$0$223,876$0
Funding fee$1,918$1,918$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.738%7.640%
1st payment$1,819.28$1,819.28$4,206.20
2nd payment$0.00$1,445.87$0.00
Taxes / mo$203.50$203.50$203.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,189.45$3,635.32$4,697.87
Cash to close$291,376$67,500$67,500