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$407,112$407,112$507,600
Remaining term (yrs)24.624.630.0
Secondary amount$0$100,488$0
Funding fee$2,036$2,036$0
Note rate3.000%3.000%7.320%
Blended rate3.000%3.990%7.560%
1st payment$1,943.68$1,943.68$3,486.86
2nd payment$0.00$669.92$0.00
Taxes / mo$904.58$904.58$904.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.52
HOA / mo$11.25$11.25$11.25
Total monthly$3,026.18$3,696.10$4,670.88
Cash to close$156,888$56,400$56,400