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$380,315$380,315$652,491
Remaining term (yrs)24.124.130.0
Secondary amount$0$272,176$0
Funding fee$1,902$1,902$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.906%7.560%
1st payment$1,815.55$1,815.55$4,482.16
2nd payment$0.00$1,757.80$0.00
Taxes / mo$604.16$604.16$604.16
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,636.38$4,394.18$5,433.48
Cash to close$344,675$72,499$72,499