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$416,550$416,550$625,410
Remaining term (yrs)24.224.230.0
Secondary amount$0$208,860$0
Funding fee$2,083$2,083$0
Note rate2.720%2.720%7.400%
Blended rate2.720%4.400%7.640%
1st payment$1,951.89$1,951.89$4,330.21
2nd payment$0.00$1,348.89$0.00
Taxes / mo$579.08$579.08$579.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.08
HOA / mo$0.00$0.00$0.00
Total monthly$2,697.64$4,046.53$5,201.04
Cash to close$278,350$69,490$69,490