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$401,857$401,857$625,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$223,643$0
Funding fee$2,009$2,009$0
Note rate2.860%2.860%7.320%
Blended rate2.860%4.608%7.560%
1st payment$1,925.52$1,925.52$4,296.75
2nd payment$0.00$1,444.36$0.00
Taxes / mo$455.75$455.75$455.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$7.25$7.25$7.25
Total monthly$2,555.19$3,999.55$5,051.52
Cash to close$293,143$69,500$69,500