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$421,660$421,660$553,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$131,840$0
Funding fee$2,108$2,108$0
Note rate3.060%3.060%7.400%
Blended rate3.060%4.237%7.640%
1st payment$2,021.74$2,021.74$3,832.32
2nd payment$0.00$878.93$0.00
Taxes / mo$371.25$371.25$371.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$16.67$16.67$16.67
Total monthly$2,576.33$3,455.26$4,497.61
Cash to close$193,340$61,500$61,500