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$408,128$408,128$715,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$307,372$0
Funding fee$2,041$2,041$0
Note rate3.100%3.100%7.400%
Blended rate3.100%5.098%7.640%
1st payment$1,935.45$1,935.45$4,953.98
2nd payment$0.00$1,985.11$0.00
Taxes / mo$475.42$475.42$475.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.10
HOA / mo$25.00$25.00$25.00
Total monthly$2,652.54$4,637.65$5,814.16
Cash to close$386,872$79,500$79,500