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$399,814$399,814$405,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$27,686$0
Funding fee$1,999$1,999$0
Note rate2.840%2.840%7.400%
Blended rate2.840%3.425%7.640%
1st payment$1,858.61$1,858.61$2,804.14
2nd payment$0.00$273.98$0.00
Taxes / mo$652.33$652.33$652.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,660.94$2,934.92$3,687.47
Cash to close$50,186$22,500$45,000