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$376,461$376,461$405,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$28,539$0
Funding fee$1,882$1,882$0
Note rate2.980%2.980%7.320%
Blended rate2.980%3.404%7.560%
1st payment$1,785.32$1,785.32$2,782.07
2nd payment$0.00$214.04$0.00
Taxes / mo$122.42$122.42$122.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,057.74$2,271.78$3,135.49
Cash to close$73,539$45,000$45,000