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$412,802$412,802$607,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$194,698$0
Funding fee$2,064$2,064$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.534%7.640%
1st payment$1,936.15$1,936.15$4,206.21
2nd payment$0.00$1,297.98$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,665.32$3,963.30$5,056.87
Cash to close$262,198$67,500$67,500