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$399,977$399,977$516,600
Remaining term (yrs)24.724.730.0
Secondary amount$0$116,623$0
Funding fee$2,000$2,000$0
Note rate2.950%2.950%7.400%
Blended rate2.950%4.090%7.640%
1st payment$1,894.92$1,894.92$3,576.83
2nd payment$0.00$777.49$0.00
Taxes / mo$371.50$371.50$371.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.32
HOA / mo$0.00$0.00$0.00
Total monthly$2,433.08$3,210.57$4,218.32
Cash to close$174,023$57,400$57,400