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$350,970$350,970$382,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$31,530$0
Funding fee$1,755$1,755$0
Note rate2.980%2.980%7.320%
Blended rate2.980%3.476%7.560%
1st payment$1,664.43$1,664.43$2,627.51
2nd payment$0.00$236.47$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$40.00$40.00$40.00
Total monthly$2,125.27$2,361.74$3,164.84
Cash to close$74,030$42,500$42,500