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$398,885$398,885$629,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$231,025$0
Funding fee$1,994$1,994$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.717%7.640%
1st payment$1,887.52$1,887.52$4,361.37
2nd payment$0.00$1,492.04$0.00
Taxes / mo$110.92$110.92$110.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,165.11$3,657.15$4,764.93
Cash to close$301,015$69,990$69,990