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$430,397$430,397$575,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$145,513$0
Funding fee$2,152$2,152$0
Note rate2.780%2.780%7.400%
Blended rate2.780%4.099%7.640%
1st payment$1,992.08$1,992.08$3,987.48
2nd payment$0.00$970.09$0.00
Taxes / mo$533.25$533.25$533.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.18
HOA / mo$319.00$319.00$319.00
Total monthly$3,011.00$3,981.09$5,121.58
Cash to close$209,503$63,990$63,990