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$361,966$361,966$517,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$155,534$0
Funding fee$1,810$1,810$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.419%7.640%
1st payment$1,693.98$1,693.98$3,583.07
2nd payment$0.00$1,036.89$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$292.00$292.00$292.00
Total monthly$2,631.81$3,668.70$4,624.40
Cash to close$213,034$57,500$57,500