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$419,372$419,372$571,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$152,128$0
Funding fee$2,097$2,097$0
Note rate3.070%3.070%7.320%
Blended rate3.070%4.382%7.560%
1st payment$1,990.82$1,990.82$3,925.81
2nd payment$0.00$1,014.19$0.00
Taxes / mo$529.17$529.17$529.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,686.65$3,700.84$4,735.94
Cash to close$215,628$63,500$63,500