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$378,254$378,254$485,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$107,656$0
Funding fee$1,891$1,891$0
Note rate2.800%2.800%7.320%
Blended rate2.800%3.952%7.560%
1st payment$1,754.62$1,754.62$3,337.86
2nd payment$0.00$717.71$0.00
Taxes / mo$451.33$451.33$451.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,372.62$3,090.33$4,053.05
Cash to close$161,646$53,990$53,990