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$410,820$410,820$562,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$151,680$0
Funding fee$2,054$2,054$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.326%7.640%
1st payment$1,963.97$1,963.97$3,894.64
2nd payment$0.00$1,011.20$0.00
Taxes / mo$369.58$369.58$369.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$73.00$73.00$73.00
Total monthly$2,573.22$3,584.42$4,616.39
Cash to close$214,180$62,500$62,500