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$387,444$387,444$504,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$116,556$0
Funding fee$1,937$1,937$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.133%7.640%
1st payment$1,843.75$1,843.75$3,489.59
2nd payment$0.00$777.04$0.00
Taxes / mo$242.50$242.50$242.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$40.00$40.00$40.00
Total monthly$2,292.91$3,069.96$4,039.56
Cash to close$172,556$56,000$56,000