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$389,568$389,568$710,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$320,532$0
Funding fee$1,948$1,948$0
Note rate2.500%2.500%7.320%
Blended rate2.500%4.870%7.560%
1st payment$1,804.75$1,804.75$4,877.89
2nd payment$0.00$2,070.10$0.00
Taxes / mo$433.75$433.75$433.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$142.02
HOA / mo$96.00$96.00$96.00
Total monthly$2,551.17$4,621.27$5,766.33
Cash to close$399,432$78,900$78,900