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$403,467$403,467$575,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$172,443$0
Funding fee$2,017$2,017$0
Note rate3.110%3.110%7.400%
Blended rate3.110%4.574%7.640%
1st payment$1,915.47$1,915.47$3,987.48
2nd payment$0.00$1,149.62$0.00
Taxes / mo$533.25$533.25$533.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.18
HOA / mo$415.00$415.00$415.00
Total monthly$3,030.38$4,180.00$5,217.58
Cash to close$236,433$63,990$63,990