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$399,001$399,001$709,200
Remaining term (yrs)24.124.130.0
Secondary amount$0$310,199$0
Funding fee$1,995$1,995$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.971%7.640%
1st payment$1,892.49$1,892.49$4,910.36
2nd payment$0.00$2,003.37$0.00
Taxes / mo$656.67$656.67$656.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$141.84
HOA / mo$0.00$0.00$0.00
Total monthly$2,765.83$4,769.20$5,925.53
Cash to close$388,999$78,800$78,800