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$431,814$431,814$719,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$287,286$0
Funding fee$2,159$2,159$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.910%7.640%
1st payment$2,075.53$2,075.53$4,978.90
2nd payment$0.00$1,855.39$0.00
Taxes / mo$346.33$346.33$346.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,638.53$4,493.91$5,685.72
Cash to close$367,186$79,900$79,900