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$404,477$404,477$531,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$126,523$0
Funding fee$2,022$2,022$0
Note rate2.840%2.840%7.320%
Blended rate2.840%4.069%7.560%
1st payment$1,880.28$1,880.28$3,647.60
2nd payment$0.00$843.49$0.00
Taxes / mo$189.67$189.67$189.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.20
HOA / mo$62.00$62.00$62.00
Total monthly$2,298.62$3,142.10$4,172.13
Cash to close$185,523$59,000$59,000