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$390,740$390,740$513,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$122,260$0
Funding fee$1,954$1,954$0
Note rate2.890%2.890%7.400%
Blended rate2.890%4.108%7.640%
1st payment$1,873.78$1,873.78$3,551.91
2nd payment$0.00$815.07$0.00
Taxes / mo$475.00$475.00$475.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$699.00$699.00$699.00
Total monthly$3,214.45$4,029.52$4,995.18
Cash to close$179,260$57,000$57,000