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$275,462$275,462$355,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$80,038$0
Funding fee$1,377$1,377$0
Note rate2.700%2.700%7.400%
Blended rate2.700%4.118%7.640%
1st payment$1,281.78$1,281.78$2,461.41
2nd payment$0.00$600.28$0.00
Taxes / mo$329.17$329.17$329.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$595.00$595.00$595.00
Total monthly$2,355.94$2,956.23$3,606.68
Cash to close$119,538$39,500$39,500