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$438,495$438,495$602,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$163,605$0
Funding fee$2,192$2,192$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.264%7.640%
1st payment$2,093.29$2,093.29$4,168.82
2nd payment$0.00$1,090.70$0.00
Taxes / mo$557.50$557.50$557.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.42
HOA / mo$288.00$288.00$288.00
Total monthly$3,105.46$4,196.16$5,301.41
Cash to close$230,505$66,900$66,900