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$302,270$302,270$328,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$26,230$0
Funding fee$1,511$1,511$0
Note rate2.875%2.875%7.400%
Blended rate2.875%3.364%7.640%
1st payment$1,407.42$1,407.42$2,274.47
2nd payment$0.00$196.73$0.00
Taxes / mo$349.08$349.08$349.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,906.51$2,103.23$2,839.25
Cash to close$62,730$36,500$36,500