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$320,388$320,388$382,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$62,112$0
Funding fee$1,602$1,602$0
Note rate2.740%2.740%7.400%
Blended rate2.740%3.757%7.640%
1st payment$1,497.35$1,497.35$2,648.35
2nd payment$0.00$465.84$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,001.52$2,467.36$3,229.02
Cash to close$104,612$42,500$42,500