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$406,425$406,425$494,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$88,485$0
Funding fee$2,032$2,032$0
Note rate2.780%2.780%7.320%
Blended rate2.780%3.892%7.560%
1st payment$1,881.13$1,881.13$3,399.69
2nd payment$0.00$663.64$0.00
Taxes / mo$171.17$171.17$171.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,218.96$2,882.60$3,836.50
Cash to close$143,475$54,990$54,990