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$315,824$315,824$391,410
Remaining term (yrs)24.624.630.0
Secondary amount$0$75,586$0
Funding fee$1,579$1,579$0
Note rate2.950%2.950%7.320%
Blended rate2.950%4.118%7.560%
1st payment$1,499.66$1,499.66$2,688.72
2nd payment$0.00$566.90$0.00
Taxes / mo$171.83$171.83$171.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,821.49$2,388.38$3,088.83
Cash to close$119,076$43,490$43,490