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$278,171$278,171$348,750
Remaining term (yrs)24.824.830.0
Secondary amount$0$70,579$0
Funding fee$1,391$1,391$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.198%7.640%
1st payment$1,319.19$1,319.19$2,414.67
2nd payment$0.00$529.35$0.00
Taxes / mo$322.92$322.92$322.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.75
HOA / mo$4.17$4.17$4.17
Total monthly$1,796.28$2,325.62$2,961.51
Cash to close$109,329$38,750$38,750