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$351,976$351,976$602,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$250,124$0
Funding fee$1,760$1,760$0
Note rate2.880%2.880%7.320%
Blended rate2.880%4.903%7.560%
1st payment$1,636.09$1,636.09$4,136.01
2nd payment$0.00$1,615.39$0.00
Taxes / mo$557.50$557.50$557.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.42
HOA / mo$415.00$415.00$415.00
Total monthly$2,775.25$4,390.64$5,395.60
Cash to close$317,024$66,900$66,900