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$389,784$389,784$629,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$240,126$0
Funding fee$1,949$1,949$0
Note rate2.840%2.840%7.320%
Blended rate2.840%4.712%7.560%
1st payment$1,850.34$1,850.34$4,327.04
2nd payment$0.00$1,550.82$0.00
Taxes / mo$601.33$601.33$601.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$75.00$75.00$75.00
Total monthly$2,693.34$4,244.16$5,296.03
Cash to close$310,116$69,990$69,990