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$395,133$395,133$513,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$117,867$0
Funding fee$1,976$1,976$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.049%7.560%
1st payment$1,847.16$1,847.16$3,523.95
2nd payment$0.00$785.78$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$425.00$425.00$425.00
Total monthly$2,913.82$3,699.61$4,693.22
Cash to close$174,867$57,000$57,000