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$419,047$419,047$585,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$165,953$0
Funding fee$2,095$2,095$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.390%7.640%
1st payment$1,991.97$1,991.97$4,050.42
2nd payment$0.00$1,106.35$0.00
Taxes / mo$199.25$199.25$199.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$40.00$40.00$40.00
Total monthly$2,397.88$3,504.24$4,573.34
Cash to close$230,953$65,000$65,000