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$393,882$393,882$517,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$123,618$0
Funding fee$1,969$1,969$0
Note rate2.880%2.880%7.320%
Blended rate2.880%4.103%7.560%
1st payment$1,835.01$1,835.01$3,554.87
2nd payment$0.00$824.12$0.00
Taxes / mo$467.42$467.42$467.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$3.17$3.17$3.17
Total monthly$2,472.26$3,296.38$4,295.62
Cash to close$181,118$57,500$57,500