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$395,391$395,391$450,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$54,609$0
Funding fee$1,977$1,977$0
Note rate2.870%2.870%7.320%
Blended rate2.870%3.614%7.560%
1st payment$1,887.52$1,887.52$3,091.19
2nd payment$0.00$409.57$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$387.00$387.00$387.00
Total monthly$2,857.85$3,267.42$4,151.52
Cash to close$104,609$50,000$50,000