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$415,020$415,020$719,100
Remaining term (yrs)19.019.030.0
Secondary amount$0$304,080$0
Funding fee$2,075$2,075$0
Note rate2.390%2.390%7.400%
Blended rate2.390%4.657%7.640%
1st payment$2,250.93$2,250.93$4,978.90
2nd payment$0.00$1,963.85$0.00
Taxes / mo$665.83$665.83$665.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,133.43$5,097.28$6,005.22
Cash to close$383,980$79,900$79,900