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$396,299$396,299$629,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$233,700$0
Funding fee$1,981$1,981$0
Note rate2.500%2.500%7.400%
Blended rate2.500%4.448%7.640%
1st payment$1,826.65$1,826.65$4,361.99
2nd payment$0.00$1,509.31$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,576.65$4,085.96$5,237.99
Cash to close$303,700$70,000$70,000