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$356,315$356,315$476,550
Remaining term (yrs)24.124.130.0
Secondary amount$0$120,235$0
Funding fee$1,782$1,782$0
Note rate2.990%2.990%7.320%
Blended rate2.990%4.254%7.560%
1st payment$1,723.00$1,723.00$3,273.57
2nd payment$0.00$801.57$0.00
Taxes / mo$441.25$441.25$441.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.31
HOA / mo$0.00$0.00$0.00
Total monthly$2,330.91$3,132.48$3,976.79
Cash to close$173,185$52,950$52,950