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$397,527$397,527$427,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$29,973$0
Funding fee$1,988$1,988$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.328%7.640%
1st payment$1,873.03$1,873.03$2,959.92
2nd payment$0.00$224.80$0.00
Taxes / mo$168.67$168.67$168.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,208.37$2,433.16$3,380.76
Cash to close$77,473$47,500$47,500