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$405,367$405,367$733,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$328,133$0
Funding fee$2,027$2,027$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.053%7.640%
1st payment$1,890.69$1,890.69$5,078.61
2nd payment$0.00$2,119.19$0.00
Taxes / mo$174.50$174.50$174.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$146.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,281.86$4,401.05$5,616.47
Cash to close$409,633$81,500$81,500