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$428,183$428,183$701,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$272,917$0
Funding fee$2,141$2,141$0
Note rate3.110%3.110%7.400%
Blended rate3.110%4.916%7.640%
1st payment$2,092.37$2,092.37$4,854.27
2nd payment$0.00$1,762.59$0.00
Taxes / mo$649.17$649.17$649.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.22
HOA / mo$22.00$22.00$22.00
Total monthly$2,980.20$4,742.79$5,882.33
Cash to close$350,817$77,900$77,900