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$385,915$385,915$477,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$91,085$0
Funding fee$1,930$1,930$0
Note rate2.800%2.800%7.400%
Blended rate2.800%3.984%7.640%
1st payment$1,828.46$1,828.46$3,302.65
2nd payment$0.00$683.14$0.00
Taxes / mo$264.33$264.33$264.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$82.00$82.00$82.00
Total monthly$2,341.46$3,024.59$3,911.05
Cash to close$144,085$53,000$53,000