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$388,371$388,371$756,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$367,629$0
Funding fee$1,942$1,942$0
Note rate2.980%2.980%7.320%
Blended rate2.980%5.300%7.560%
1st payment$1,889.34$1,889.34$5,193.20
2nd payment$0.00$2,374.27$0.00
Taxes / mo$700.00$700.00$700.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.20
HOA / mo$40.00$40.00$40.00
Total monthly$2,846.01$5,220.28$6,301.06
Cash to close$451,629$84,000$84,000