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$409,248$409,248$701,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$291,852$0
Funding fee$2,046$2,046$0
Note rate2.670%2.670%7.400%
Blended rate2.670%4.785%7.640%
1st payment$1,898.07$1,898.07$4,854.27
2nd payment$0.00$1,884.88$0.00
Taxes / mo$707.08$707.08$707.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.22
HOA / mo$31.25$31.25$31.25
Total monthly$2,853.07$4,737.95$5,949.49
Cash to close$369,752$77,900$77,900