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$370,706$370,706$449,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$79,204$0
Funding fee$1,854$1,854$0
Note rate2.125%2.125%7.400%
Blended rate2.125%3.335%7.640%
1st payment$1,622.79$1,622.79$3,115.09
2nd payment$0.00$594.03$0.00
Taxes / mo$416.58$416.58$416.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,206.04$2,800.07$3,788.32
Cash to close$129,194$49,990$49,990