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$421,635$421,635$472,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$50,865$0
Funding fee$2,108$2,108$0
Note rate2.800%2.800%7.320%
Blended rate2.800%3.467%7.560%
1st payment$1,955.86$1,955.86$3,245.75
2nd payment$0.00$381.49$0.00
Taxes / mo$352.00$352.00$352.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$115.33$115.33$115.33
Total monthly$2,589.85$2,971.34$3,974.24
Cash to close$103,365$52,500$52,500