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$300,907$300,907$449,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$149,003$0
Funding fee$1,505$1,505$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.643%7.560%
1st payment$1,427.02$1,427.02$3,090.57
2nd payment$0.00$993.35$0.00
Taxes / mo$295.42$295.42$295.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$690.00$690.00$690.00
Total monthly$2,579.10$3,572.45$4,332.63
Cash to close$198,993$49,990$49,990