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$299,168$299,168$383,400
Remaining term (yrs)24.424.430.0
Secondary amount$0$84,232$0
Funding fee$1,496$1,496$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.162%7.640%
1st payment$1,404.03$1,404.03$2,654.58
2nd payment$0.00$631.74$0.00
Taxes / mo$608.74$608.74$608.74
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.68
HOA / mo$26.50$26.50$26.50
Total monthly$2,189.27$2,821.00$3,516.50
Cash to close$126,832$42,600$42,600