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$403,003$403,003$702,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$298,997$0
Funding fee$2,015$2,015$0
Note rate3.750%3.750%7.320%
Blended rate3.750%5.454%7.560%
1st payment$2,181.41$2,181.41$4,822.25
2nd payment$0.00$1,931.02$0.00
Taxes / mo$650.00$650.00$650.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,048.08$4,979.10$5,829.32
Cash to close$376,997$78,000$78,000