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$43,339$43,339$414,000
Remaining term (yrs)5.15.130.0
Secondary amount$0$370,661$0
Funding fee$217$217$0
Note rate2.790%2.790%7.320%
Blended rate2.790%7.231%7.560%
1st payment$740.34$740.34$2,843.89
2nd payment$0.00$2,393.85$0.00
Taxes / mo$234.50$234.50$234.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$205.00$205.00$205.00
Total monthly$1,346.50$3,740.35$3,532.86
Cash to close$416,661$46,000$46,000