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$424,756$424,756$625,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$200,744$0
Funding fee$2,124$2,124$0
Note rate2.890%2.890%7.400%
Blended rate2.890%4.450%7.640%
1st payment$2,036.90$2,036.90$4,330.84
2nd payment$0.00$1,296.47$0.00
Taxes / mo$192.58$192.58$192.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,396.15$3,692.63$4,815.19
Cash to close$270,244$69,500$69,500