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$413,728$413,728$535,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$121,772$0
Funding fee$2,069$2,069$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.114%7.640%
1st payment$1,968.83$1,968.83$3,707.69
2nd payment$0.00$811.81$0.00
Taxes / mo$495.83$495.83$495.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,631.33$3,443.14$4,477.29
Cash to close$181,272$59,500$59,500