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$413,780$413,780$558,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$144,220$0
Funding fee$2,069$2,069$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.329%7.640%
1st payment$1,995.30$1,995.30$3,863.48
2nd payment$0.00$961.46$0.00
Taxes / mo$210.12$210.12$210.12
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$150.00$150.00$150.00
Total monthly$2,522.08$3,483.54$4,501.86
Cash to close$206,220$62,000$62,000