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$434,153$434,153$652,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$218,347$0
Funding fee$2,171$2,171$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.563%7.640%
1st payment$2,102.58$2,102.58$4,517.78
2nd payment$0.00$1,410.16$0.00
Taxes / mo$658.92$658.92$658.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$2.50$2.50$2.50
Total monthly$2,980.66$4,390.82$5,526.36
Cash to close$290,847$72,500$72,500