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$387,170$387,170$629,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$241,930$0
Funding fee$1,936$1,936$0
Note rate2.770%2.770%7.320%
Blended rate2.770%4.685%7.560%
1st payment$1,819.72$1,819.72$4,321.48
2nd payment$0.00$1,562.47$0.00
Taxes / mo$410.75$410.75$410.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,397.13$3,959.60$5,024.72
Cash to close$311,830$69,900$69,900