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$274,976$274,976$294,750
Remaining term (yrs)24.724.730.0
Secondary amount$0$36,149$0
Funding fee$1,375$1,375$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.013%7.640%
1st payment$1,307.00$1,307.00$2,040.79
2nd payment$0.00$357.72$0.00
Taxes / mo$272.92$272.92$272.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.95
HOA / mo$871.00$871.00$871.00
Total monthly$2,600.91$2,958.63$3,393.66
Cash to close$52,524$16,375$32,750