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$401,536$401,536$495,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$93,464$0
Funding fee$2,008$2,008$0
Note rate2.600%2.600%7.320%
Blended rate2.600%3.808%7.560%
1st payment$1,852.58$1,852.58$3,400.31
2nd payment$0.00$700.98$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,477.58$3,178.56$4,124.31
Cash to close$148,464$55,000$55,000