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$284,753$284,753$372,600
Remaining term (yrs)24.324.330.0
Secondary amount$0$87,847$0
Funding fee$1,424$1,424$0
Note rate2.600%2.600%7.400%
Blended rate2.600%4.109%7.640%
1st payment$1,313.77$1,313.77$2,579.81
2nd payment$0.00$658.85$0.00
Taxes / mo$704.51$704.51$704.51
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.52
HOA / mo$168.00$168.00$168.00
Total monthly$2,336.28$2,995.14$3,676.84
Cash to close$129,247$41,400$41,400