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$423,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$51,511$0
Funding fee$1,857$1,857$0
Note rate2.980%2.980%7.400%
Blended rate2.980%3.713%7.640%
1st payment$1,761.74$1,761.74$2,928.77
2nd payment$0.00$386.33$0.00
Taxes / mo$410.50$410.50$410.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,338.91$2,725.24$3,590.53
Cash to close$98,511$47,000$47,000