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$396,077$396,077$486,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$89,923$0
Funding fee$1,980$1,980$0
Note rate2.890%2.890%7.320%
Blended rate2.890%4.021%7.560%
1st payment$1,894.86$1,894.86$3,338.48
2nd payment$0.00$674.43$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,511.53$3,185.95$4,052.35
Cash to close$143,923$54,000$54,000