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$460,773$460,773$601,200
Remaining term (yrs)25.125.130.0
Secondary amount$0$140,427$0
Funding fee$2,304$2,304$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.153%7.640%
1st payment$2,165.71$2,165.71$4,162.59
2nd payment$0.00$936.18$0.00
Taxes / mo$556.67$556.67$556.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.24
HOA / mo$0.00$0.00$0.00
Total monthly$2,889.04$3,825.23$5,006.16
Cash to close$207,227$66,800$66,800