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$399,124$399,124$405,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$28,376$0
Funding fee$1,996$1,996$0
Note rate2.870%2.870%7.400%
Blended rate2.870%3.468%7.640%
1st payment$1,865.81$1,865.81$2,804.14
2nd payment$0.00$280.81$0.00
Taxes / mo$152.67$152.67$152.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$40.00$40.00$40.00
Total monthly$2,208.48$2,489.29$3,227.80
Cash to close$50,876$22,500$45,000