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$416,451$416,451$607,410
Remaining term (yrs)25.625.630.0
Secondary amount$0$190,959$0
Funding fee$2,082$2,082$0
Note rate4.980%4.980%7.320%
Blended rate4.980%5.929%7.560%
1st payment$2,394.13$2,394.13$4,172.49
2nd payment$0.00$1,273.06$0.00
Taxes / mo$238.17$238.17$238.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.48
HOA / mo$23.33$23.33$23.33
Total monthly$2,822.30$4,095.35$4,722.13
Cash to close$258,449$67,490$67,490