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$344,153$344,153$409,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$65,257$0
Funding fee$1,721$1,721$0
Note rate2.810%2.810%7.320%
Blended rate2.810%3.797%7.560%
1st payment$1,616.91$1,616.91$2,812.36
2nd payment$0.00$489.43$0.00
Taxes / mo$249.33$249.33$249.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.88
HOA / mo$0.00$0.00$0.00
Total monthly$2,032.91$2,522.33$3,310.24
Cash to close$110,747$45,490$45,490