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$389,151$389,151$611,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$222,759$0
Funding fee$1,946$1,946$0
Note rate3.080%3.080%7.400%
Blended rate3.080%4.780%7.640%
1st payment$1,878.36$1,878.36$4,236.74
2nd payment$0.00$1,438.65$0.00
Taxes / mo$180.55$180.55$180.55
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.38
HOA / mo$37.50$37.50$37.50
Total monthly$2,263.07$3,701.72$4,743.84
Cash to close$290,749$67,990$67,990