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$400,995$400,995$517,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$116,505$0
Funding fee$2,005$2,005$0
Note rate3.110%3.110%7.320%
Blended rate3.110%4.211%7.560%
1st payment$1,899.65$1,899.65$3,554.87
2nd payment$0.00$776.70$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,545.48$3,322.18$4,304.20
Cash to close$174,005$57,500$57,500