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$397,317$397,317$620,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$222,783$0
Funding fee$1,987$1,987$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.623%7.640%
1st payment$1,857.37$1,857.37$4,293.45
2nd payment$0.00$1,438.81$0.00
Taxes / mo$184.77$184.77$184.77
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,208.81$3,647.61$4,768.91
Cash to close$291,683$68,900$68,900