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$422,693$422,693$584,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$162,306$0
Funding fee$2,113$2,113$0
Note rate3.160%3.160%7.320%
Blended rate3.160%4.503%7.560%
1st payment$2,100.64$2,100.64$4,018.54
2nd payment$0.00$1,082.04$0.00
Taxes / mo$339.25$339.25$339.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$36.00$36.00$36.00
Total monthly$2,642.55$3,724.59$4,677.45
Cash to close$227,306$65,000$65,000