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$398,491$398,491$553,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$155,009$0
Funding fee$1,992$1,992$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.307%7.640%
1st payment$1,906.86$1,906.86$3,832.32
2nd payment$0.00$1,033.40$0.00
Taxes / mo$680.42$680.42$680.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$178.33$178.33$178.33
Total monthly$2,932.27$3,965.67$4,968.44
Cash to close$216,509$61,500$61,500