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$371,489$371,489$427,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$56,011$0
Funding fee$1,857$1,857$0
Note rate2.980%2.980%7.400%
Blended rate2.980%3.769%7.640%
1st payment$1,761.74$1,761.74$2,959.92
2nd payment$0.00$420.08$0.00
Taxes / mo$410.50$410.50$410.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,338.91$2,758.99$3,622.59
Cash to close$103,511$47,500$47,500