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$356,327$356,327$571,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$215,083$0
Funding fee$1,782$1,782$0
Note rate2.860%2.860%7.320%
Blended rate2.860%4.701%7.560%
1st payment$1,656.36$1,656.36$3,925.19
2nd payment$0.00$1,389.08$0.00
Taxes / mo$552.17$552.17$552.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.28
HOA / mo$45.83$45.83$45.83
Total monthly$2,421.03$3,810.10$4,804.14
Cash to close$278,573$63,490$63,490