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$382,322$382,322$593,730
Remaining term (yrs)24.124.130.0
Secondary amount$0$211,408$0
Funding fee$1,912$1,912$0
Note rate2.890%2.890%7.400%
Blended rate2.890%4.620%7.640%
1st payment$1,829.06$1,829.06$4,110.87
2nd payment$0.00$1,365.35$0.00
Taxes / mo$903.83$903.83$903.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.75
HOA / mo$0.00$0.00$0.00
Total monthly$2,899.56$4,264.90$5,300.11
Cash to close$277,378$65,970$65,970