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$352,011$352,011$575,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$223,089$0
Funding fee$1,760$1,760$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.720%7.640%
1st payment$1,667.82$1,667.82$3,981.88
2nd payment$0.00$1,440.78$0.00
Taxes / mo$532.50$532.50$532.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,366.99$3,807.77$4,796.06
Cash to close$286,989$63,900$63,900