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$440,836$440,836$620,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$179,264$0
Funding fee$2,204$2,204$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.360%7.640%
1st payment$2,053.75$2,053.75$4,293.45
2nd payment$0.00$1,195.09$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.02
HOA / mo$167.00$167.00$167.00
Total monthly$2,961.59$4,156.68$5,325.30
Cash to close$248,164$68,900$68,900