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$394,928$394,928$688,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$293,572$0
Funding fee$1,975$1,975$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.957%7.640%
1st payment$1,887.34$1,887.34$4,767.03
2nd payment$0.00$1,895.99$0.00
Taxes / mo$409.58$409.58$409.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$137.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,513.59$4,409.57$5,530.98
Cash to close$370,072$76,500$76,500