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$404,221$404,221$409,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$28,029$0
Funding fee$2,021$2,021$0
Note rate3.550%3.550%7.320%
Blended rate3.550%4.090%7.560%
1st payment$2,009.72$2,009.72$2,812.98
2nd payment$0.00$277.37$0.00
Taxes / mo$352.83$352.83$352.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.90
HOA / mo$77.00$77.00$77.00
Total monthly$2,606.22$2,883.59$3,491.38
Cash to close$50,779$22,750$45,500