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$350,101$350,101$449,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$99,809$0
Funding fee$1,751$1,751$0
Note rate2.780%2.780%7.400%
Blended rate2.780%4.160%7.640%
1st payment$1,655.20$1,655.20$3,115.09
2nd payment$0.00$748.57$0.00
Taxes / mo$299.50$299.50$299.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$112.67$112.67$112.67
Total monthly$2,234.03$2,982.60$3,783.90
Cash to close$149,799$49,990$49,990