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$343,062$343,062$436,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$93,438$0
Funding fee$1,715$1,715$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.237%7.640%
1st payment$1,657.89$1,657.89$3,022.24
2nd payment$0.00$700.79$0.00
Taxes / mo$283.83$283.83$283.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,108.39$2,809.18$3,560.04
Cash to close$141,938$48,500$48,500