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$352,829$352,829$517,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$164,581$0
Funding fee$1,764$1,764$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.502%7.640%
1st payment$1,645.65$1,645.65$3,582.44
2nd payment$0.00$1,097.21$0.00
Taxes / mo$479.08$479.08$479.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,291.40$3,388.60$4,331.67
Cash to close$222,071$57,490$57,490