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$374,571$374,571$616,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$241,929$0
Funding fee$1,873$1,873$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.791%7.640%
1st payment$1,794.32$1,794.32$4,268.52
2nd payment$0.00$1,562.46$0.00
Taxes / mo$562.42$562.42$562.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.30
HOA / mo$58.00$58.00$58.00
Total monthly$2,581.40$4,143.86$5,178.90
Cash to close$310,429$68,500$68,500