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$285,690$285,690$387,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$101,310$0
Funding fee$1,428$1,428$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.265%7.640%
1st payment$1,380.64$1,380.64$2,679.51
2nd payment$0.00$675.40$0.00
Taxes / mo$160.42$160.42$160.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$10.42$10.42$10.42
Total monthly$1,701.47$2,376.87$3,077.75
Cash to close$144,310$43,000$43,000