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$313,248$313,248$337,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$43,002$0
Funding fee$1,566$1,566$0
Note rate2.960%2.960%7.320%
Blended rate2.960%4.036%7.560%
1st payment$1,489.05$1,489.05$2,318.39
2nd payment$0.00$425.54$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,951.55$2,377.08$2,848.39
Cash to close$61,752$18,750$37,500