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$392,594$392,594$652,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$259,906$0
Funding fee$1,963$1,963$0
Note rate2.706%2.706%7.400%
Blended rate2.706%4.715%7.640%
1st payment$1,814.99$1,814.99$4,517.78
2nd payment$0.00$1,678.56$0.00
Taxes / mo$802.50$802.50$802.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,834.16$4,512.72$5,667.44
Cash to close$332,406$72,500$72,500