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$395,561$395,561$598,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$202,939$0
Funding fee$1,978$1,978$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.531%7.640%
1st payment$1,851.20$1,851.20$4,143.89
2nd payment$0.00$1,310.65$0.00
Taxes / mo$1,074.67$1,074.67$1,074.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$8.25$8.25$8.25
Total monthly$3,100.78$4,411.43$5,513.18
Cash to close$269,439$66,500$66,500