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$394,893$394,893$400,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$27,857$0
Funding fee$1,974$1,974$0
Note rate3.020%3.020%7.320%
Blended rate3.020%3.604%7.560%
1st payment$1,880.94$1,880.94$2,751.16
2nd payment$0.00$275.67$0.00
Taxes / mo$316.25$316.25$316.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$310.00$310.00$310.00
Total monthly$2,657.19$2,932.86$3,607.51
Cash to close$50,107$22,250$44,500