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$404,555$404,555$584,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$180,444$0
Funding fee$2,023$2,023$0
Note rate2.860%2.860%7.320%
Blended rate2.860%4.445%7.560%
1st payment$1,933.81$1,933.81$4,018.54
2nd payment$0.00$1,202.96$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$690.00$690.00$690.00
Total monthly$3,332.14$4,535.10$5,533.87
Cash to close$245,444$65,000$65,000