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$398,790$398,790$589,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$190,710$0
Funding fee$1,994$1,994$0
Note rate2.660%2.660%7.400%
Blended rate2.660%4.388%7.640%
1st payment$1,852.02$1,852.02$4,081.58
2nd payment$0.00$1,271.40$0.00
Taxes / mo$134.67$134.67$134.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.90
HOA / mo$179.67$179.67$179.67
Total monthly$2,333.02$3,604.42$4,680.48
Cash to close$256,210$65,500$65,500