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$351,638$351,638$458,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$106,462$0
Funding fee$1,758$1,758$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.131%7.640%
1st payment$1,667.73$1,667.73$3,171.79
2nd payment$0.00$709.74$0.00
Taxes / mo$281.58$281.58$281.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,115.98$2,825.73$3,711.66
Cash to close$157,362$50,900$50,900