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$408,323$408,323$693,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$284,677$0
Funding fee$2,042$2,042$0
Note rate3.030%3.030%7.400%
Blended rate3.030%4.969%7.640%
1st payment$2,001.68$2,001.68$4,798.19
2nd payment$0.00$1,838.54$0.00
Taxes / mo$641.67$641.67$641.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.60
HOA / mo$137.00$137.00$137.00
Total monthly$2,997.01$4,835.55$5,932.13
Cash to close$361,677$77,000$77,000