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$421,375$421,375$539,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$117,725$0
Funding fee$2,107$2,107$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.998%7.640%
1st payment$1,972.01$1,972.01$3,732.62
2nd payment$0.00$784.83$0.00
Taxes / mo$466.75$466.75$466.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$85.00$85.00$85.00
Total monthly$2,690.43$3,475.26$4,558.86
Cash to close$177,625$59,900$59,900